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Market Chatter: Saudi Aramco Reportedly Books Crude Orders from Two Chinese Buyers
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04:43 AM EDT, 08/21/2026 (MT Newswires) -- Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco, received orders for a total of 4 million barrels of crude for loading outside the Strait of Hormuz from two Chinese buyers, Reuters wrote Thursday, citing unnamed trade sources. PetroChina and Sinochem reportedly each purchased 2 million barrels of Arab Medium and Arab Heavy crude cargoes, which the Saudi Arabian oil giant offered on Monday for delivery via ship-to-ship transfers off Fujairah in the United Arab Emirates. Saudi Aramco did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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