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Why Saudi Arabia is ramping up crude exports to China in May
- Saudi Arabia's crude oil exports to China are set to increase in May due to a price cut by Saudi Aramco.
- Aramco will deliver 48 million barrels of oil to Chinese refiners in May, up from 35.5 million in April.
- The price reduction comes as OPEC+ has decided to increase crude oil production, impacting global oil prices.
April 11, 2025