China’s Unipec, the trading division of Sinopec, has bought a rare cargo of North Sea oil amid lukewarm local demand. Citing unnamed sources from the oil trading industry, Reuters reported today that the cargo comes from Norway’s Johan Sverdrup field and will be delivered in May. The volume of the cargo was 8 million barrels—the largest volume of North Sea oil that a Chinese company has bought since February 2022, the report noted, citing data from Kpler. Previously, Norwegian oil from the Johan Sverdrup field was a…
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