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Unipec goes on buying spree signaling Chinese oil demand rise in Q2

"Unipec, the largest oil trader in China and the trading unit of state-held refiner Sinopec, purchased 9 million barrels of Abu Dhabi’s Upper Zakum crude grade for March loadings...in a clear sign that Chinese oil demand will pick up."
Zerohedge
2023-01-21 06:49:44