Saudi Arabia saw its crude oil exports to China surge by 53 percent annually in August, keeping its status of top supplier to the world’s largest oil importer for a ninth consecutive month, official Chinese data cited by Reuters showed on Monday. Saudi Arabia once again beat Russia to the top supplier spot, not only because major oil producers within the OPEC+ alliance are easing their cuts, but also because China significantly slashed oil import quotas for its independent refiners in the third quarter. Russia’s ESPO crude blend is…
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