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Short-term Global Oil Service
Asia Oil Weekly - Will China’s SPR Release Limit Upside to the Country’s 4Q Crude Imports?
Published: 23 July, 2021
Highlights:
- CRUDE: Crude prices tumbled by some US$5.0/bbl on Monday, following news that OPEC+ had reached an agreement to increase production. The release of Chinese SPR volumes could potentially erode some of the 500-600 kb/d upside we were expecting earlier for China’s crude imports over November ...
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