SINGAPORE (Feb 12): Saudi Arabia's crude oil exports to China are set to touch a multi-year high in March after the kingdom cut its official selling prices to Asia for a fourth month and attracted more demand, several trade sources said. State oil company Saudi Aramco will ship at least 58 million barrels to China in March, or about 1.87 million barrels per day (bpd), a tally of allocations to Chinese refiners from trade sources showed. The allocation volume marks a jump from the previous two months, when it stayed under 50 million barrels, and is the highest since October 2022, Reuters records show. Companies that planned to increase Saudi crude liftings next month included PetroChina, Rongsheng Petrochemical and Sinochem, the tally showed. Hengli Petrochemical will lift zero volume for a third consecutive month, the sources said.

Source: The Edge Markets February 12, 2026 10:41 UTC