A significant shift in global oil flows is underway as Chinese refiners, fearing sanctions, are shunning Russian crude. This pullback, led by state-owned giants Sinopec and PetroChina, is a direct …
Tag:
Oil market
-
Brent crude saw a significant recovery, paring back losses, as lingering geopolitical tensions continued to underscore the oil market despite a declared ceasefire. The global benchmark initially fell sharply but …