9 December 2025: 08:30 GMT
Saudi allocations for January are in and they are big! Much higher than the softish volumes of recent months. The allocations totalled 49.5 million bbls vs a paltry 36 mil bbls in December and 39.5 mil bbl in November. It was the big boys getting more, as allocations to both PetroChina and Rongsheng got an extra 8 mil bbl from the previous month, back to “Biz as usual”, as a source said. Smaller volumes are allocated to the likes of Cnooc and Fujian – and Hengli got nothing at all!
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