China’s oil thirst changes global flows

But again, the impact of growth is causing competition as Asian refiners look to diversify crude sources. Asian, North American and European refiners are battling for light crudes, especially from Africa, pushing up price differentials and increasing price volatility, said SG’s Lasserre. (Additional reporting by Jonathan Landreth and Tanya Pang)
China’s oil thirst changes global flows
Reuters, 05.12.04, 5:14 AM ET

ADVERTISEMENT

Homebound Mortgage
Apply For A Mortgage
Today