China's refiners outbid each other for crude cargoes as global supply tightens
China, the world's biggest oil importer, has returned to the crude market with refiners outbidding each other for cargoes from Brazil to Congo, while Russian ESPO crude is also rallying. Separately, Reuters reported roughly 10 million barrels per day of production have disappeared from the global market amid the Middle East conflict.
Detected & updated continuously · Source: Nebula
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@puckrin
Everyone's watching the Middle East for oil's next move. But the real story is in Beijing. China, the world's biggest oil importer, is back in the market. Refiners are outbidding each other for cargoes from Brazil to Congo, and Russian ESPO is rallying too. That's half the https://t.co/ylmqpv8anG
@EuleKrypto
🚨 Öl Schock wird zum echten Risiko für Bitcoin Der Nahost Konflikt trifft inzwischen nicht mehr nur die Stimmung, sondern das reale Ölangebot: Laut Reuters sind rund 10 Mio. Barrel Produktion pro Tag vom globalen Markt verschwunden. Brent ist dadurch über 100 $ gestiegen.