Why Saudi Arabia Is Losing Asia’s Oil Buyers

Saudi crude exports have been falling since the US- Iran war began, but the latest slide is no longer just a story of disrupted trade routes. Cargoes scheduled to sail from Saudi Arabia in May are now assessed at roughly 3.

9 million b/d (historic lows), while almost every major Saudi buyer – China, Japan, South Korea, India and Taiwan – is cutting nominations for the months ahead.