China Refiners Tap African, Brazilian Oil as Freight Rates Fall
· bloomberg.com · popularity 44/100 · 0 similar stories today · Logistics & Supply Chain (Business & Finance)
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Summary
Chinese refiners are buying crude from West Africa and Brazil after a drop in long-haul freight rates cut costs, giving them more supply options as competition for Russian barrels intensifies.
Found in: Bloomberg, Bloomberg Markets. Rating basis: single outlet; outlet tier 5; 2 feeds; listed 2 times; feed position 18.