Gulf energy producers are poised to expand their market share in China as crude shipments from Iran decline amid regional conflict, according to Vortexa. Total Middle East crude imports into China are forecast to reach roughly 4.5 million barrels per day in October 2026.
A Vortexa report indicates that Gulf crude producers, led by Saudi Arabia and Iraq, are expanding market share in China. Non-Iranian Middle Eastern crude deliveries are projected to hit 4.5 million barrels per day in October 2026. Saudi exports are estimated to surpass 2 million barrels per day, largely taken by state refiners.
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