Saudi OilMin Al-Falih: China has not yet asked for more oil amid tighter Iran sanctions

On the sidelines of a visit to Beijing for a summit on China’s Belt and Road economic development initiative on Thursday, Saudi Arabia’s Energy Minister Khalid Al-Falih was reported by Reuters, as saying that China has “not yet” asked for more crude oil after the US decided to end sanction waivers on Iranian oil imports.

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 added.