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Market Chatter: Saudi Crude Oil Shipments to China Said to Fall Sharply in June

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Saudi Arabian crude oil loading in June for export to China is expected to fall sharply month over month to between 13 million and 14 million barrels from 20 million barrels for May.

Bloomberg News reported Monday, citing traders informed by the Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, that the average crude oil shipped to China, before the Iran war, stood at 40 million to 50 million barrels a month.

Saudi Aramco did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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