Chinese Buyers Absorb Excess Oil Amidst Iranian Flow Decline
Chinese Buyers Are Soaking Up Unsold Oil As Iranian Crude Flows Slow China’s independent refiners bought oil from across the Middle East and Africa, with Iranian supplies remaining tighter and pricier than usual, partly because of expanded U.S. sanctions. According to traders who requested anonymity, one major processor bought about 10 million barrels of crude […]
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