Sinopec, the biggest Chinese refiner, bought ZERO Saudi crude for a 2nd straight month.
Either there is a global rebalancing taking place or the Saudi’s are taking a hit https://x.com/jackprandelli/status/2065002066091622441 h/t Emeraldlight
refiner
Iran sells 5 million barrels of crude oil worth over $350 million to $350m to India’s largest private oil refiner Reliance Industries.
NEW DELHI/SINGAPORE, – India’s Reliance Industries, operator of the world’s biggest refining complex, has purchased 5 million barrels of Iranian crude, days after the U.S. temporarily removed sanctions on the oil, three sources familiar with the matter said on Tuesday. …