Traders Snap Up Oil Ahead of Expected Jump in Chinese Demand
Serene Cheong, Sarah Chen, Sharon Cho, Sherry Su, and Andy Hoffman - Bloomberg
October 21, 2020
Who was cited:
Joey Chen, Oil Consultant - FGE
Oil traders are buying up cargoes and sending them toward China, hoping to capitalize on an expected surge in demand at the end of the year when independent refineries there get new import licenses for 2021.