{ "id": 11858, "date": "2026-06-13T11:33:19", "date_gmt": "2026-06-13T08:33:19", "guid": { "rendered": "https:\/\/scbcouncil.com\/?p=11858" }, "modified": "2026-06-13T11:33:23", "modified_gmt": "2026-06-13T08:33:23", "slug": "saudi-july-crude-supply-to-china-to-remain-at-record-low", "status": "publish", "type": "post", "link": "https:\/\/scbcouncil.com\/en\/saudi-july-crude-supply-to-china-to-remain-at-record-low\/", "title": { "rendered": "Saudi July crude supply to China to remain at record low" }, "content": { "rendered": "

According to Reuters, Saudi Arabia\u2019s crude oil exports to China are expected to remain near record lows in July as high oil prices, weak fuel demand, and shrinking refining margins continue to pressure Chinese refiners. Sinopec reportedly did not purchase any Saudi crude for a second consecutive month, while buyers increasingly favor lower-cost alternatives from Russia, West Africa, and Latin America, highlighting China\u2019s growing focus on cost competitiveness in crude sourcing.<\/p>\n\n\n\n

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According to Reuters, Saudi Arabia\u2019s crude oil exports to China are expected to remain near record lows in July as high oil prices, weak fuel demand, and shrinking refining margins continue to pressure Chinese refiners. 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