Traders Snap Up Oil Ahead of Expected Jump in Chinese Demand
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Article by:
Serene Cheong, Sarah Chen, Sharon Cho, Sherry Su, and Andy Hoffman - Bloomberg
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Date Published:
October 21, 2020
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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.
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