Chinese demand for Angolan crudes down sharply for Sept: sources - Platts | Chinese demand for Angolan crude cargoes loading in September has been very weak as China has bought very few heavy Angolan grades so far due to low fuel oil cracks and high crude stocks, trading sources said Tuesday. China is the biggest buyer of Angolan crude, normally taking about 50% of the West African country's crude exports every month. But almost three weeks into the trading cycle for September, sources said Chinese demand has been very low, with still 14 September cargoes unsold out of a total of 52.
Electricity, Coal, Oil, Gas, Nuclear, Solar, Wind, Unconventional Fuels and Pollution in China
Wednesday, August 7, 2013
Chinese demand for Angolan crudes down in Sept
Chinese demand for Angolan crudes down sharply for Sept: sources - Platts | Chinese demand for Angolan crude cargoes loading in September has been very weak as China has bought very few heavy Angolan grades so far due to low fuel oil cracks and high crude stocks, trading sources said Tuesday. China is the biggest buyer of Angolan crude, normally taking about 50% of the West African country's crude exports every month. But almost three weeks into the trading cycle for September, sources said Chinese demand has been very low, with still 14 September cargoes unsold out of a total of 52.