Asian refiners buy spot November Saudi crude as Saudi Arabia pushes more oil out of Strait of Hormuz, sources say

Several Asian refiners bought November Saudi crude in the spot market as Saudi Arabia pushed to move more oil out of the Strait of Hormuz, sources with knowledge of the matter said. Chinese state-owned and independent refiners bought at least 12 million barrels on a delivered basis, some priced at a premium of about $20 a barrel to November OSPs.

Detected & updated continuously · Source: Nebula