Chinese oil majors are selling cargoes of West African and other crudes, according to traders familiar with the deals, a rare move that follows utilization cuts across government-owned refiners as the war in Iran upends global supply.
China’s Oil Majors Sell Barrels as Run Rates Drop to 2022 Low
Chinese oil majors are selling cargoes of West African and other crudes, according to traders familiar with the deals, a rare move that follows utilization cuts across government-owned refiners as the war in Iran upends global supply.
This article was originally published by
Bloomberg Markets
and is republished here under license.
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