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Market Chatter: Saudi Crude Sales to China Said to Remain at Record Lows in July

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Saudi Arabia's crude oil shipments to China are expected to continue at record lows in July amid higher prices triggered by the Middle East conflict, Reuters reported Thursday, citing unnamed sources.

State-run oil group Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, is set to export 12 million barrels of oil to Chinese customers for July loading, the sources told the newswire.

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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