Oil
China backs Russia instead of Saudi Arabia
China's weak oil purchases from Saudi Arabia mean a diversion of trade.
8/12/2025
Chinese refiners are demanding less oil from Saudi Arabia, with the decline possibly signalling a restructuring of global flows as more Russian crude becomes available, according to Energy Aspects Ltd.The decline in the so-called nomination for cargoes at Saudi Aramco's September loading date suggests that Chinese refiners were reluctant to buy…
