Chinese Refiners Are Profiting From The Russian Oil Price Cap ...Middle East

OILPRICE - Economy
Chinese Refiners Are Profiting From The Russian Oil Price Cap
Independent Chinese refiners have seen their refining margins jump in recent weeks as they are able to negotiate steeper discounts for their preferred Russian crude grade, even if they buy it above the G7 price cap, trading and industry sources told Reuters on Tuesday. The flow of cheaper Russian crude to China lifted the refining margins of the independent refiners, the so-called teapots, to above $115 (800 Chinese yuan) per ton last week, from less than $86 (600 yuan) at the beginning of December, according to a China-based oil analyst who spoke…

Hence then, the article about chinese refiners are profiting from the russian oil price cap was published today ( ) and is available on OILPRICE ( 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 ( Chinese Refiners Are Profiting From The Russian Oil Price Cap )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy


Latest News