China’s crude imports from North Sea and Africa rose in May, but the trend is unlikely to continue as the Brent-Dubai price spread hovers over $3/b level, making various light sweet crude cargoes from the west of Suez linked to the European benchmark expensive, Chinese traders said. In May, China received 2.02 million mt (478,000 …
The post China data: Crude imports from North Sea likely to ease after jump in May first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John