23 Hrs
الاقتصادية
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الاقتصادية

2026-11-12T08:01:05.274Z

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الاقتصادية

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China’s Brazil Oil Buys

China’s Brazil Oil Buys

Lower shipping costs have made Brazilian crude more attractive to China’s independent refiners, which are seeking to diversify supplies and use up their import quotas before year-end as prices for Russian ESPO crude rise. TOTSA sold about 1.9 million barrels of Sururu and Sépia crude to Jinao Chemical at a premium of nearly $20 a barrel over Brent, and another 900,000 barrels of Sururu to Hualong at a premium of about $16.

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