China’s Sinopec plans to cut Saudi crude oil volumes for 2nd month in June

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China’s Sinopec plans to cut Saudi crude oil volumes for 2nd month in June

ec04 May 2018, News Wires – Sinopec, Asia’s largest refiner, plans to cut the volume of Saudi crude oil it loads in June by 40 percent for a second month, after the price of the kingdom’s key grade rose to a near 4-year high, said an official from trading arm Unipec. Saudi crude remains overvalued …

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