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The article explores the mystery behind the significant disparity between the low cost of crude oil extraction in Saudi Arabia and the high market price of petrol, delving into the various stages of the oil supply chain, including production, shipping, and refining, while featuring insights from industry experts. #OilPrices #EnergyEconomics #CommodityMarkets #SA #TH

China's crude oil imports have sharply declined due to the Iran war and rising prices, with April figures showing the lowest daily intake in nearly four years, while imports of metals like aluminium and iron ore have increased as China adjusts to supply constraints and stockpiles. #ChinaTrade #CommodityMarkets #CrudeOil #IR #CN #US #AU