Lower Chinese Imports of Saudi Oil Signal Boost to Russian Flows

China’s refiners are expected to import lower volumes of Saudi crude in September in a sign that Asia is in the midst of a major oil trade re-routing, with more Russian crude set to find Chinese buyers after India’s pullback. Saudi Arabia will ship lower volumes of its crude to China next month, down from a two-year high this month, after the Kingdom raised its September prices to Asia for a second consecutive month, Reuters reported on Monday, quoting trade sources at Chinese refiners.  Saudi Arabia, the world’s biggest…