Saudis Slash March Crude Oil Exports To China As Demand Slumps

China’s top oil supplier and the world’s largest oil exporter, Saudi Arabia, will be cutting its crude exports to the world’s top oil importer by at least 500,000 bpd in March because of a slump in refinery demand amid the coronavirus outbreak, Reuters reported on Thursday, citing sources familiar with the plans.   China’s typical intake of Saudi crude oil is between 1.8 million bpd and 2 million bpd, according to Reuters’ sources. Last year, Saudi Arabia significantly raised its crude sales to the China, boosting…