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Saudi Arabia boosts oil exports to China and India, raising March shipments to 56–57 million barrels amid lower prices and shifting global demand.
Saudi Arabia is increasing oil exports to China, with March loadings expected at 56–57 million barrels—up from 48 million in February—after cutting prices on its Arab Light crude to their lowest in over five years.
The move boosted demand from Chinese and Indian refiners, with India set to receive at least 1 million extra barrels, as it shifts away from Russian oil amid U.S. pressure.
South Korean and Japanese refiners are also expected to receive higher volumes.
Global oil prices held steady near $68 per barrel amid geopolitical tensions and concerns over oversupply, with the IEA warning of a potential 3.7 million bpd surplus in 2026.
Arabia Saudita impulsa las exportaciones de petróleo a China e India, elevando los envíos de marzo a 56 57 millones de barriles en medio de precios más bajos y un cambio en la demanda global.