- 15th August 2019
- Posted by: Hakeem
- Categories: FOREX MARKET ANALYSIS, International, POLITICS
- Saudi Arabia’s crude shipments to China have doubled in the span of a year. During the same period, its oil exports to the U.S. have dropped by nearly two-thirds.
- The numbers signal a mix of short-term tactics and long-term strategy for the Saudis, industry experts say.
Saudi Arabia has seriously ramped up its oil exports to China in recent months.
How dramatic is the change? Take a look at this graph, which uses data from oil tanker tracking firm TankerTrackers.com.