Sinopec extends bumper Russian oil buys, squeezing teapots, traders say

China's Sinopec Corp is extending its Russian oil buying binge as it locks in higher refining margins, squeezing supplies for smaller independent refiners that face dwindling Iranian shipments due ‌to the U.S. naval blockade, trading sources said.

Source: Reuters

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Category General

Source Reuters

Published 3 weeks ago

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News ID #12,977

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