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First report 1h agoLast update 41m ago

Saudi Aramco sells crude oil to Chinese refiners bypassing Strait of Hormuz

Saudi Aramco has sold at least 4 million barrels of crude oil to two Chinese refiners, PetroChina and Sinochem, with the oil to be loaded via ship-to-ship transfer off Fujairah in the UAE, bypassing the Strait of Hormuz.

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Saudi Aramco sells crude oil to Chinese refiners bypassing Strait of Hormuz · Quorumz