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Saudi Aramco to Supply 34 Million Barrels of Oil to China in April, Down from 41 Million in March Due to Sinopec Maintenance

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Updated Mar 14, 2025, 08:10 AM

Saudi Aramco is expected to reduce its crude oil supply to China to 34 million barrels in April, marking the lowest level in over a year. This decrease from March's supply of 41 million barrels is attributed to maintenance at refineries operated by Sinopec. As a result, China is increasing its imports of more affordable Russian and Iranian oil, taking advantage of the influx of non-sanctioned tankers amid rising freight costs. The decline in Saudi oil shipments reflects broader shifts in the global energy market, where competition from alternative suppliers is intensifying.

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Sources

bloomberg.com(2)finance.yahoo.com cnbctv18.com mktnews.com

Ed Finley–Richardson

@ed_fin

“Saudi Aramco is set to supply the lowest amount of oil to China in at least 10 months. Aramco will send ~34–36m barrels of April-loading crude to its customers in China [versus] 41 million for March.” BBG Atlantic time to shine? https://t.co/3Bx2bN7gIx

Yahoo Finance

@YahooFinance

Saudi Aramco oil sales to China set to fall sharply in April https://t.co/90jcxndqDy via @business