Saudi crude exports to China, India, Japan, and South Korea collapse as the East-West Pipeline eliminated Hormuz risk but left Aramco's war-era pricing exposed. May 28, 2026 DHAHRAN — Saudi Arabia’s crude exports to its four largest Asian buyers are collapsing at a pace that pricing adjustments alone cannot reverse. Chinese nominations for June have fallen to roughly 600,000 barrels per day — half of April levels and barely a third of February’s 1.6 million b/d — while India, Japan, and South Korea have each cut loadings by 30 to 35 percent over two months. Sinopec, the kingdom’s single largest … Continue reading Aramco Solved Hormuz and Lost Asia