Saudi Arabia Succeeds In Seizing Oil Market Share From Key Rivals

The Saudi-Russian oil price war may be officially over with the new, historic, OPEC+ deal, but Saudi Arabia has continued to aggressively pursue additional market share in Asia and managed to squeeze share out of its key rivals in the largest Asian oil importers, Bloomberg tanker-tracking data showed on Wednesday. Saudi Arabia doubled its crude oil exports to China in April to the highest volumes since at least 2017, exported the most oil to the U.S. since August 2018, and toppled Iraq as India’s top oil supplier last month, according to…