China increased crude purchases in the first two months of the year, continuing to hoard oil to guard against potential supply disruptions. The incremental buying supports demand for crude, could tighten physical markets regionally and place upward pressure on oil prices, with implications for refiners, traders and commodity flows.
China increased crude purchases in the first two months of the year, continuing to hoard oil to guard against potential supply disruptions. The incremental buying supports demand for crude, could tighten physical markets regionally and place upward pressure on oil prices, with implications for refiners, traders and commodity flows.
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