Chinese refiners rush to buy Middle East crude as stocks fall, Kpler says
Source ↗
👁 1
💬 0
Chinese refiners rush to buy Middle East crude as stocks fall, Kpler says
Chinese refiners are stepping up purchases of Middle Eastern crude as record inventory drawdowns and a recovery in refinery activity boost demand for prompt cargoes, according to analytics firm Kpler.
Chinese buyers have secured at least 80 million barrels of Saudi crude since mid-September, Kpler said on X.
China’s onshore crude inventories fell by about 1.6 million barrels per
Chinese refiners are stepping up purchases of Middle Eastern crude as record inventory drawdowns and a recovery in refinery activity boost demand for prompt cargoes, according to analytics firm Kpler.
Chinese buyers have secured at least 80 million barrels of Saudi crude since mid-September, Kpler said on X.
China’s onshore crude inventories fell by about 1.6 million barrels per
Comments (0)