Saudi Aramco, one of the world’s largest producers of oil, sought to reassure Chinese customers about oil supplies on Monday in Beijing, as global oil prices rose above $115 a barrel for Brent crude.
This has been the standard line from Aramco of late amid recent turbulence in the oil markets, but Aramco had a particularly attentive audience this time. China’s is the world’s second-largest consumer of crude, and Saudi Arabia is China’s largest supplier.
Speaking in Beijing, Aramco president Khalid A. Al-Falih said:
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