Saudi Arabia is expected to ship lower volumes of crude oil to the world’s top importer, China, next month, as official Saudi term prices were raised for September. The Kingdom, the world’s largest exporter of crude oil, is set to export 43 million barrels of crude to China in September, down by about 3 million barrels from August’s estimated 46 million barrels of shipments, Reuters reported on Monday, quoting trade sources with knowledge of next month’s term supply allocations to Chinese buyers. The allocations for September…
