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Friday, 4 May 2018

China’s Sinopec plans to cut Saudi crude oil volumes for 2nd month in June

China’s Sinopec plans to cut Saudi crude oil volumes for 2nd month in June

ec04 May 2018, News Wires – Sinopec, Asia’s largest refiner, plans to cut the volume of Saudi crude oil it loads in June by 40 percent for a second month, after the price of the kingdom’s key grade rose to a near 4-year high, said an official from trading arm Unipec. Saudi crude remains overvalued …

The post China’s Sinopec plans to cut Saudi crude oil volumes for 2nd month in June appeared first on SweetCrudeReports.

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