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China’s Private Refiners Snap Up Middle East Oil as Prices Slide

Bloomberg Markets · Jul 2, 2026, 5:51 AM · Also reported by 3 other sources

China’s independent refiners are taking advantage of cheaper Middle Eastern oil after flows accelerated through the Strait of Hormuz, snapping up barrels from producers including Saudi Arabia and Iraq.

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China’s Private Refiners Snap Up Middle East Oil as Prices Slide

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