Singapore — China’s crude oil imports from Saudi Arabia soared 94.9% year on year to 9.17 million mt, or 2.17 million b/d, in May, a new record high for a single producer’s supplies in a month, data from China’s General Administration of Customs showed on June 26. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The last record high was 2.06 million b/d or 8.41 million mt, which was also set by Saudi Arabia in October 2019, GAC data showed. The Saudi crude flood was within expectation as the listed Saudi Aramco slashed the prices of its crude exports for April, including the biggest cut ever for Arab Light crude by $6/b for Asia in early March, which attracted heavy buying from China in late March. These barrels were scheduled to be delivered in May. The flow from the OPEC kingpin will remain high in […]