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Not all non OPEC crudes will support Asia's refinery economics: S&P Global Higher shipping costs a key hurdle for Asia in bringing in non OPEC crudes US, Brazil, Guyana and Canada to add 1.4 million b
Seven Core Crude Oil Grades to Help Purchasers Measure Cost of Emissions Offsets NEW YORK and LONDON , July 17, 2023 /PRNewswire/ -- S&P Global Commodity Insights, the leading independent provider...
(Bloomberg) -- Two giants in China’s oil and refining sector have taken the biggest opposing positions in Middle East crude trading in years, transforming global cargo flows and puzzling oil traders the world over.Most Read from BloombergRussia Latest: Zelenskiy Adviser Says Wagner Remains in UkraineSilence Cloaks Kremlin After Russian Mutiny Against PutinPutin Faces Historic Threat to Absolute Grip on Power in RussiaPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesGoldman Sachs I
Two giants in China's oil and refining sector have taken the biggest opposing positions in Middle East crude trading in years.
Stronger Chinese demand has boosted the spot market for Russian Espo crude considerably, sending spot price differentials leaping.