Saudi Aramco to regain top spot as China’s oil supplier

Saudi Arabia will regain its position as China’s biggest oil supplier because of shorter sailing distances and the Asian nation’s increased capacity to process the kingdom’s crude, said an official from the state oil company.

Saudi Aramco, the world’s biggest oil producer, fell behind Angola in shipments to China this year as refiners in the fastest-growing major economy switched to African crude varieties. Saudi Arabia’s advantage in terms of distance from China would help reverse that situation, said Ibrahim Mishari, the company’s vice president for marketing and supply.
Financial Express