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Finance· Commodities

American and African Crudes Soar as China's Oil Imports Rebound

Chinese crude oil imports are rebounding from decade-low levels, driving up prices for non-Middle Eastern oil grades including African, South American, and North American crudes. Premiums for grades like Congo's Djeno crude have surged over the past two weeks as Asian refiners diversify supply away from disrupted Middle Eastern sources and reduced Iranian exports.

about 19 hours ago

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