China and India are buying more crude oil, providing some respite for producers facing expectations of oversupply, Bloomberg reported today, citing unnamed trading sources. The two large importers have been buying mostly Middle Eastern cargos, the Bloomberg sources said, noting that these were being sold at a discount, with China the bigger buyer and India raising its purchases since the start of the month only marginally. Purchases so far in November featured more Upper Zakum grade shipments and additional volumes of Kuwaiti crude, the publication…
Hence then, the article about china and india boost crude purchases as global glut looms was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( China and India Boost Crude Purchases as Global Glut Looms )