Brian Wingfield

Government, Business, Fuel, Logistics

Saudi Oil Cuts Take Seven Supertankers a Day Off the Market

Oil tankers are seen off the coast of California on May 1. Oil tankers are seen off the coast of California on May 1. (Patrick T. Fallon/Bloomberg News)

Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June.

Brian Wingfield | Bloomberg News
June 30, 2020
Government, Business, Fuel

Saudi Oil Flood to China Persists Despite Historic Cuts

An oil tanker is silhouetted against a hazy sky. An oil tanker is silhouetted against a hazy sky. (Marcelo del Pozo/Bloomberg News)

An early look at Saudi Arabia’s crude exports for May shows that historic production cuts have done little to squelch the kingdom’s flood of oil to China, which is just getting back on its feet from the coronavirus.

Brian Wingfield | Bloomberg News
May 29, 2020