London - Saudi Arabia is struggling to sell all of its oil despite increasing output to record levels.
China, South Africa and the US are among the countries importing less Saudi Arabian oil, according to data by FGE, an energy consultancy, as the kingdom loses ground to competitors including Russia and Iraq.
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Saudi Arabia accounted for 15 percent of China''s oil imports in 2003 and 13 percent by 2015 as Russia exported more.
South Africa imported 53 percent of its oil from Saudi Arabia in 2013, but just 22 percent by 2015 because of imports from Nigeria and Angola.
The price of oil has recovered from $30-a-barrel lows in January, but is still 65 percent off its June 2014 peak.
THE INDEPENDENT