Sinochem has delivered its first cargo of Middle East crude as the Chinese state-owned energy and chemicals giant looks to boost its oil trading business in Asia, Reuters reported on Tuesday, citing trade sources. Sinochem delivered a cargo of Oman crude for October loading to commodity trading giant Trafigura during the S&P Global Platts Market on Close process on Monday, according to Reuters’ sources. The Market on Close process, or window, is used by Platts to set the daily price of the Dubai benchmark,…
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