• 
    
  • <abbr id="y6s0c"></abbr>
  • <ul id="y6s0c"></ul>
    The Annual Shale Gas Technology & Equipment Event
    logo

    The 15thBeijing International Shale Gas Technology and Equipment Exhibition

    ufi

    BEIJING,CHINA

    March 26-28,2025

    LOCATION :Home> News > Industry News

    Saudis focus oil shipments on China during production cuts

    Pubdate:2020-06-01 13:56 Source:liyanping Click:

    LONDON (Bloomberg) --An early look at Saudi Arabia’s crude exports for May shows that historic production cuts have done little to squelch the kingdom’s flood of oil to China, which is just getting back on its feet from the coronavirus.

    Saudi flows to the Asian nation were about 2.1 million barrels a day through May 28 -- a figure that may rise in the coming days -- tanker-tracking and fixture data show. That compares with 2.3 million in April, which was the highest since the start of 2017, when Bloomberg began tracking shipments. It’s also just the third time during that period when average daily exports to China breached the 2 million mark.

    By contrast, overall Saudi crude shipments dropped to about 6.6 million barrels a day this month after reaching 9.3 million in April, also the highest in at least three years. Last month’s volumes were an anomaly, the result of a price war, and May’s exports are much closer to the average in recent years.

    Still, the data show a nation straddling two eras as the coronavirus turns the oil market on its head. Saudi Arabia is leading an unprecedented international effort to slash global output by more than 10% to help remove a glut, caused by the pandemic crushing oil demand. Before it agreed to those curbs, however, the kingdom slashed selling prices to the lowest in decades. The effects of this grab for market share are still rippling through the market as China recovers.

    Also of note in May, Saudi shipments to the U.S. and India both slumped. Last month, the kingdom sent almost 1.3 million barrels a day to the U.S., a glut that threatened to disrupt the American market. Flows to the U.S. this month have dropped to about 570,000 barrels a day, though the figure could rise as several vessels still haven’t signaled final destinations.

    Saudi crude exports to India, its closest major market, plunged by almost 50% to 560,000 barrels a day in May. Last month, Saudi shipments surged as the kingdom edged out other exporters to the South Asian nation, notably Iraq.

    Next month, the export picture could show another decline in overall flows. State oil producer Saudi Aramco has already indicated it will trim shipments to Asia while aggressively cutting those to the U.S. and Europe. And Saudi Arabia and Russia, the leaders of the OPEC+ effort to curb output, earlier this week pledged further coordination. The Organization of Petroleum Exporting Countries and its allies are set to hold online meetings June 9-10 to discuss the future of their pact.

    伊人 久久 精品| 日韩视频在线观看一区二区| 久久国产精品系列| 欧洲熟妇精品视频| 亚洲精品无码成人片在线观看| 日韩无码系列综合区| 国产精品美女网站在线看| 欧美成人精品三级网站下载| 亚洲91精品麻豆国产系列在线| 人妻精品久久久久中文字幕69 | 国产乱子伦精品免费视频| 亚洲日韩精品无码专区| 日韩视频在线观看免费| 中文字幕日韩三级片| 嘿嘿射久草日韩视频| 国产乱子伦精品免费女| 国产综合精品一区二区| 精品国产18久久久久久| 精品午夜久久网成年网| 日韩精品免费电影| 国产老女人精品免费视频| 成人区人妻精品一区二区不卡| 久久亚洲精品无码gv| 国产精品久久久久久久久久免费 | 国产精品自在线天天看片| 精品一区二区久久久久久久网精| 国产精品视频永久免费播放| 久久亚洲精品11p| 国产一精品一AV一免费孕妇| 国产精品高潮露脸在线观看| 国产精品无码专区AV在线播放| 国产精品无码2021在线观看| 精品久久久无码人妻字幂| 国产精品线在线精品国语| 国产亚洲精品免费| 中文字幕日韩一区| 国产成人综合日韩精品婷婷九月| 亚洲国产成人精品91久久久| 精品久久久久久久中文字幕 | 国产va免费精品观看精品| 精品国产性色无码AV网站|