Saudi Arabia kept its ranking as China’s top crude supplier for a ninth straight month in August as major producers relaxed production cuts. Saudi oil arrivals surged 53% from a year earlier to 8.06 million tonnes, or 1.96 million b/d. That compares with 1.58 million b/d in July and 1.24 million b/d in August last year. OPEC and its allies decided in July to ease production cuts and increase supply by a further 2 million b/d.
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