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Crude oil

Crude market shows enduring strength beyond seasonal peak

Businessam StaffAugust 18, 2017

The market for physical barrels of crude from places as far apart as Oman and Colombia is strengthening beyond the traditional seasonal peak in demand, a positive indicator for global benchmark futures prices that remain stuck near $50. Physical differentials, the price gap between individual grades of crude and widely traded markers like Brent or West Texas […]

China maintains position as world’s top crude oil buyer

Businessam StaffJuly 13, 2017

Posting 8.79 million barrels per day (bpd), China, the earth’s most populous country bought more crude oil than any other country in the world in the month of June, data obtained from customs showed Thursday. A total of 36.11 million tonnes of the commodity was imported into the country for the month and the imports […]