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Saudi July crude supply to China to remain at record low

Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & WarTrade Policy & Supply ChainConsumer Demand & Retail

Saudi crude sales to China are expected to remain at record lows in July as elevated oil prices following the U.S.-Israeli war on Iran are dampening demand from the world's largest crude importer. The article points to continued volume weakness for Saudi exports into China, reflecting price-sensitive demand rather than a supply disruption.

Analysis

Saudi crude sales to China are expected to remain at record lows in July as elevated oil prices following the U.S.-Israeli war on Iran are dampening demand from the world's largest crude importer. The article points to continued volume weakness for Saudi exports into China, reflecting price-sensitive demand rather than a supply disruption.

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