Saudi crude oil supply to China is set to fall to a record low of about 10mln barrels in June, sources say

The news that Saudi crude oil supply to China is expected to hit a record low of about 10 million barrels in June is significant, as it suggests a tightening supply scenario in a key market.

Newsquawk StaffPublished 11 May 2026, 07:49 UTCOn the live feed at 07:29 UTC — 2 more headlines followed before this page went public

Newsquawk headlinesUTC

07:46

Iran’s Foreign Ministry spokesperson Baghaei says "currently, we are focusing our discussions on ending the war and the uranium issue, which we will discuss later", Al Mayadeen reports

07:35

Iran’s Foreign Ministry spokesperson Baghaei says Iran has continuous contact with China "as one of our strategic partners"

07:29

Saudi crude oil supply to China is set to fall to a record low of about 10mln barrels in June, sources say

07:27

Iran’s Foreign Ministry spokesperson Baghaei says Iran’s proposal to the US “was not excessive,” and that the US continues to have “unreasonable demands.”

07:24

Alphabet (GOOGL) is planning to issue JPY-denominated bond sale

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

Context

This decrease could drive prices higher, especially if demand remains strong or rebounds, impacting both WTI and Brent benchmarks as traders reassess their outlook on global supply dynamics and inflationary pressures.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

Steady upside of around 1% was seen across the crude complex following this update.

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

ENERGY/27 Aug · 17:46 UTC

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

Brent crude, after we published+1.4%

ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Brent crude, after we published−2.4%

ENERGY/8 Sept · 19:59 UTC

IRGC says in light of the evils of the US army in targeting several oil tankers of Iran, we warn all oil tanker crews in the Kuwaiti and Bahraini ports, they will be targeted, Tasnim reports.

Brent crude, after we published+0.5%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.