Bloomberg, citing sources, reported that Saudi Aramco, the world's largest crude oil exporter, will export approximately 40 million barrels of crude oil to Chinese customers in April, which is lower than the level in the same period of previous years and also less than the 48 million barrels in February. The volume of crude oil expected to flow to Indian buyers is also anticipated to decline due to disruptions in oil supply caused by the Iran war.Traders expect India's crude oil export volume next month to be about 23 million barrels, slightly below the levels of recent months. According to data from Kpler and Vortexa, February's crude oil export volume is estimated to be between 25 million and 28 million barrels. (mn/u)
AASTOCKS Financial News