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Saudi Arabia’s energy minister Khalid al-Falih told Reuters on Thursday that China has “not yet“ asked for more crude oil after the U.S. decided to end sanction waivers on Iranian oil imports.
On being asked if other Asian buyers had asked for more crude oil. al-Falih said: “In the beginning of May. we will find out demand for June and will be responsive.“
Saudi Arabia’s April crude oil production was nearly steady with previous months and will be in the 9.8 million barrels per day (bpd) range or “maybe lower“. he said.
