China Refiners Shift to African, Brazilian Crude
China’s refiners are buying crude oil from West Africa and Brazil after freight rates eased in the past two weeks, while competition for Russian supply is stronger and Iranian barrels have disappeared.
Original · OilPrice.com AI summary of public reporting
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At publication → CurrentBRENTOIL111.63 → 112.53+0.8%
CL102.28 → 103.44+1.1%