Saudi Arabia refused to increase oil deliveries to China

Date: 13:44, 21-05-2015.

Almaty. May 21. Silkroadnews - Saudi Arabia has rejected requests from Chinaoil and Unipec (trading companies PetroChina and Sinopec) on additional supplies of crude oil in May and June, reports Rosbalt.
So, Saudi Arabia is forcing Chinese companies to seek raw materials from producers in West Africa, Oman and Russia.
Earlier Joint Oil Data Initiative (JODI) announced that oil exports from Saudi Arabia in March reached its highest level since 2005 - 7.9 million barrels per day.
According to the head of the research firm Thomson Reuters Oil Research and Forecasts for the Asian market, Yau Chun Yang, the total market share of Saudi Arabia to China in May has fallen markedly, and it was noticeable decline in exports to China.
In late April, Saudi Arabia to keep oil production and to protect their interests in the market, stated its readiness, if necessary, to increase the supply of oil to China.

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