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

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(Updates to add Aramco's statement)

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 producer, that the average crude oil shipped to China, before the Iran war, stood at 40 million to 50 million barrels a month.

Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, declined to comment when reached by.

(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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