High Venezuelan crude price dampens Chinese independent refineries’ bitumen blend imports
November 6, 2023 Comments Off
China’s independent refineries have cut imports of heavy feedstock bitumen blend in October and the trend is likely to continue in coming months due to its rising price as competitors emerge, including state-owned PetroChina, amid the US sanctions relief on Venezuelan crudes, market sources told S&P Global Commodity Insights Nov. 6. Venezuelan crude imports are expected to be officially reported…
High Venezuelan crude price dampens Chinese independent refineries’ bitumen blend imports
China’s independent refineries have cut imports of heavy feedstock bitumen blend in October and the trend is likely to continue in coming months due to its rising price as competitors emerge, including state-owned PetroChina, amid the US sanctions relief on Venezuelan crudes, market sources told S&P Global Commodity Insights Nov. 6. Venezuelan crude imports are expected to be officially reported…
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