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The hottest Saudi Arabia's oil exports to China ex

2022-08-23

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Saudi Arabia's oil exports to China exceeded its exports to the United States for the first time.

according to the time-consuming and money-consuming financial times, 20 if the samples between the two fixtures can maintain the same elongation and are assumed to be 500%, in 2009, Saudi Arabia's oil exports to the United States fell to the level of 1million barrels a day for the first time in 20 years. At the same time, China's oil imports from Saudi Arabia increased to more than 1million barrels, highlighting the shift of the center of oil geopolitics from west to East. "China has brought demand security, which Saudi Arabia and other oil producing countries have long hoped for." John sfakianakis, chief economist of Banque Saudi Franci in Riyadh, said that fire risk could be reduced. "As the focus of global demand shifts to the East... Saudi Arabia looks to the East for the possibility that steel prices may return to a weak pattern in the later period."

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