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الاقتصادية
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2026-11-12T08:05:47.807Z

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China’s Oil Imports Rise

China’s Oil Imports Rise

Lower freight costs boosted the appeal of Brazilian oil among independent Chinese refiners, which are also seeking to diversify supplies and use their import quotas before year-end. Totsa sold about 1.9 million barrels of Sururu and Sepia crude to Jinao Chemical at a premium of nearly $20 a barrel over Brent, and sold 900,000 barrels of Sururu to Hualong at a premium of about $16. The purchases came as prices for Russian ESPO crude rose, while Brazilian and African oil prices fell amid weak demand and higher freight costs.

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