国产精品久久久一区_日韩一区二区久久久_99精品在线免费视频_人妻少妇精品无码专区二区

The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
logo

The 17thBeijing International Natural Gas Technology & Equipment Exhibition

ufi

BEIJING, China

March 17-19,2027

LOCATION :Home > News> Industry News

Saudis focus oil shipments on China during production cuts

Pubdate:2020-06-01 10:32 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.

主站蜘蛛池模板: 国产精品美女久久久免费| 91国产美女在线观看| 精品国模在线视频| 中文字幕在线亚洲三区| 久久精品在线播放| 欧日韩不卡在线视频| 日韩精品福利视频| 日本一区视频在线| 国产精品视频永久免费播放| 久久精品国产91精品亚洲| 免费91麻豆精品国产自产在线观看| 日韩一区二区在线视频| 日韩欧美一级在线| 欧美亚洲国产日本| 久久国产精品一区二区三区| 久久99久久99精品中文字幕| 久久精品国产69国产精品亚洲| 免费在线国产精品| 久久亚洲精品欧美| 激情小说综合区| 国产美女精彩久久| 国产精品一香蕉国产线看观看| 国产精品一级久久久| 国产精品爽爽爽| 国产精品美女www爽爽爽视频| 国产精品午夜国产小视频| 国产精品久久久久久久久粉嫩av | 欧美日韩一区二区三区在线视频| 日韩精品欧美专区| 久久久久久综合网天天| 国产日韩欧美在线| 国产精品精品一区二区三区午夜版| 91传媒久久久| 欧日韩不卡在线视频| 久久国产精品亚洲va麻豆| 国产成人精品免高潮在线观看| 中文网丁香综合网| 久久天天狠狠| 国产精品高清网站| 午夜精品一区二区三区视频免费看| 日韩中文字幕在线视频播放 |