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
sinopec
While america goes green …China’s Sinopec Signs $1.1 Billion Natural Gas Pipelines Deal with Saudi Aramco
The China Petroleum and Chemical Corporation (Sinopec) announced Thursday that its Sinopec Oilfield Service Company has signed an agreement worth about $1.1 billion to construct natural gas pipelines for Saudi Aramco, the state oil company of Saudi Arabia. The Sinopec …