[Valid RSS]
September 24, 2022, 8:28 pm
GIZ Bangladesh’s training held on SDG localisation in Khulna ছোটদের সহজ প্রোগ্রামিং শিক্ষায় প্রকাশিত হল বাংলা স্ক্র্যাচ বই Ditching Russian gas no way to reach climate goals : Putin চট্টগ্রামে নিরাপদ খাদ্য বিষয়ে প্রচারনা কর্মসূচি সমাপ্ত Samsung brings month-long smartphone campaign On September 6–7, Vladimir Putin will make working trip to Vladivostok Two Russian embassy workers killed in ‘suicide bombing’ Shocked & devastated by the horrific attacks : Justin Trudeau  SSC, equivalent exams begin Sept 15: Dipu Moni Ten killed in Canadian stabbing spree Russia wants UN to pressure US : media Daraz Bangladesh Anniversary Campaign – Now LIVE! realme offers upto BDT 3400 off on occasion of Daraz’s 8th anniversary General Pharmaceuticals employees will receive insurance from MetLife চট্টগ্রামের কলেজিয়েট স্কুলে নিরাপদ খাদ্য বিষয়ে প্রচারনা কর্মসূচি শুরু Bangladesh a secular country, immediate action is taken whenever minorities are attacked: PM  Two more mortar shells from Myanmar land in Bangladesh OPPO launches killer device A57 in 15-20K price range ShareTrip and Grameenphone join hands to offer exciting travel privileges ড্যাপ ২০২২-২০৩৫ এর পরিপূর্ণ বাস্তবায়নের দাবী বিআইপির

Saudi Arabia to cut oil supplies to China : reports

Bangladesh Beyond
  • Updated on Saturday, June 11, 2022
  • 109 Impressed

Saudi Arabia to cut oil supplies to China : reports


Dhaka June 11 2022 (RT):


The move comes as China increases imports of discounted oil from Russia.

Saudi Arabia will cut oil shipments to China in July, Reuters and Bloomberg reported on Friday, citing sources with knowledge of the matter.

According to the reports, the world’s largest oil exporter, Saudi Aramco, has notified at least four Chinese refiners that it will be supplying less than the contracted volumes of oil next month.

Sources say the move is due to the fact that China is increasing imports of Russian oil at a substantial discount, which Moscow offered to buyers after Western states began canceling Russian deliveries amid the Ukraine-related sanctions. In addition, there is growing demand for Saudi oil in the world, especially in Europe, amid the phasing out of Russian energy and the search for new suppliers.

Reports also state that refineries in Japan, South Korea, Thailand, and India will receive their oil in full, while some will even receive extra supplies, including a Malaysian refinery in Pengerang. Also, at least three European refiners have received full contractual volumes for July delivery from the Saudi company, sources say.

Earlier this week, Saudi Aramco surprised the market by hiking the official July price for its flagship Arab light crude by $2.10 a barrel for Asia from the June level, which is much higher than expected. The move propelled already high global oil prices to over $120 a barrel, raising further fears over supply shortages amid peak summer season demand in the Northern Hemisphere, the easing of Covid-19 lockdowns in China, and uncertainty over Russian supplies due to sanctions.

Read More

Read us@googlenews


More News
© Copyright: 2020-2022

Bangladesh Beyond is an online version of Fortnightly Apon Bichitra 

(Reg no: DA 1825)

Developed By Bangladesh Beyond