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Smith added that Saudi Arabia is instead exporting more quantities of crude to China. Kpler data showed that Saudi crude exports to China rose to about 1.6 million barrels per day in September from 1.2 million in August and 1.37 million in July.
With the decline in crude oil imports, the United States of America exported smaller quantities of oil to Europe
Kpler data showed that US crude exports to Europe fell to 1.86 million barrels per day in September and 1.84 million in August, down from 2.01 million in July. Traders said that the decline in exports to Europe affected the futures prices of standard Brent crude.