“Saudi Arabia was the only one of OPEC’s top four producers to boost sales to India in April, according to Bloomberg tanker tracking. The kingdom’s shipments to China doubled, and its exports to the U.S. reached 1 million barrels a day, the most since August 2018.”
-Bloomberg Quint examines Saudi Arabia’s aggressive approach in a global fight for crude sales in a depressed economic environment. [Bloomberg|Quint]