Saudi oil

Investment Analysis Clubs Macro Economic Trends and Risks
1

I don’t see this as an anti Western move by Saudi Arabia. They are just hedging their bets as the world slowly changes

China And Saudi Arabia Intensify Energy Cooperation With Critical Deal…

…These developments are all in line with a comment made last March, at the annual China Development Forum hosted in Beijing, by Aramco chief executive officer, Amin Nasser: “Ensuring the continuing security of China’s energy needs remains our highest priority - not just for the next five years but for the next 50 and beyond.”

https://oilprice.com/Energy/Energy-General/China-And-Saudi-A…

Unthinkable twenty years ago!

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Amin Nasser: “Ensuring the continuing security of China’s energy needs remains our highest priority - not just for the next five years but for the next 50 and beyond.”

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Wishful thinking by the Arabs. China will be self sufficient by 2072 in the need for any oil.

Jaak

3

China is already the main destination of Crude Petroleum exports from Saudi Arabia.
Furthermore, 75% of Saudi Crude goes to Asian Countries.

No surprise here by the Saudi Minister