Sinopec replaces Middle East oil with Russian crude as Iran war disrupts supply
China's largest refiner, Sinopec, is dramatically increasing imports of Russian Far East oil as the Iran war disrupts Middle Eastern crude supplies. With Saudi imports falling sharply and discounted ESPO crude offering lower costs and greater delivery certainty, the company is reshaping its sourcing strategy. Watch this report to learn how shifting oil flows, changing trade patterns and global energy markets are being affected by the ongoing conflict.
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