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5 hours ago

China Cuts Saudi Crude Orders as Hormuz Risks and Discounts Reshape Trade

China Cuts Saudi Crude Orders as Hormuz Risks and Discounts Reshape Trade

Some Chinese refiners have not nominated term crude cargoes from Saudi Arabia for August, while others have not been allocated any term supply for next month, as weak demand in China, competition from other producers, and continued disruptions at... Read more.

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