China Cuts Saudi Crude Orders as Hormuz Risks and Discounts Reshape T… | HappeningNow.news
Published Date: July 14, 2026

Energy · 1 views

China Cuts Saudi Crude Orders as Hormuz Risks and Discounts Reshape Trade

Some Chinese refiners have not nominated term crude cargoes from Saudi Arabia for August, while others have not been allocated any term s…

Source OilPrice AI Summary Updated 38m ago
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AI Summary

Some Chinese refiners have not nominated term crude cargoes from Saudi Arabia for August, while others have not been allocated any term supply for next month, as weak demand in China, competition from other producers, and continued disruptions at the Strait of Hormuz have slashed Saudi supply in recent months. At least two refiners in China have not asked f…

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