1131 GMT - Saudi Arabia's crude exports to China surged in June to their highest level since 2023, signaling strong demand in the world's second largest economy, says Kpler analyst Yan Rong Fong. Exports reached around 1.57 million barrels a day last month, with more supply likely to come as OPEC+ raises production, according to the data provider. "With OPEC+ slated to raise overall production by 548,000 barrels a day in August, Saudi Arabia will be in a position to release more crude to the market," the analyst says. "This increased availability is particularly relevant for China, its largest buyer, which could see even greater volumes." (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

July 11, 2025 07:32 ET (11:32 GMT)

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