China Cuts Saudi Crude Supply

Trade Arabia – China will extend a 50,000 barrel per day (bpd) cut in Saudi crude oil imports into July and August after some refiners struggled to cope with new higher-sulphur supplies, industry officials said.

China contracted to buy 500,000 bpd of Saudi crude in 2006, but cut that back by 10 percent in the second quarter after refiners ill-equipped to handle the kingdom’s mainly heavy-sour oil were forced to slow production after running the grades, the officials said.
Trade Arabia