Saudi Arabia has exported 4.355 million barrels per day of crude so far in March, data from analytics firm Kpler showed, down from 7.108 million bpd in February.
The producer is trying to boost crude exports via Yanbu to offset the Strait of Hormuz disruption, with loadings seen rising to record volumes in March. China‘s top refiner Sinopec (600028.SS), opens new tab is set to load about 24 million barrels of Saudi crude from Yanbu in March.
A sharp drop in oil demand from Russia’s two largest customers will put a strain on Moscow’s oil revenues and force the world’s top importers to seek alternative supplies and push up global prices.
Chinese national oil companies PetroChina (601857.SS), Sinopec, CNOOC and Zhenhua Oil will refrain from dealing in seaborne Russian oil at least in the short-term due to concern over sanctions, the sources said.
Der Lebensversicherer China Life, die Ölriesen Sinopec und PetroChina, der Alukonzern Chalco sowie der Chemiekonzern Sinopec Shanghai Petrochemical kündigten gestern Anträge für ein Delisting ihrer US-Hinterlegungsscheine (ADS) noch im August an.