Chinese Demand for Saudi Crude Slumps to 5-Month Low ...Middle East

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Chinese Demand for Saudi Crude Slumps to 5-Month Low
source : OILPRICE ( Middle East ) () 22
Demand for Saudi crude at Chinese refiners is at its lowest since August after the world’s top crude exporter set the price of its oil for January at levels higher than the market was expecting, trading sources with knowledge of the matter told Reuters on Monday.     China’s refiners are estimated to have nominated 40 million barrels of Saudi crude for loading in January, compared with around 46 million barrels for December—the lowest total nominations from Chinese buyers since August this year, according to Reuters’…

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