20 November 2025: 08:30 GMT
The first batch of Chinese refiner import quotas for 2026 are out! According to sources, Hengli got the biggest allowance of 3 mil tons, while Rongsheng got 750 kt and Shenghong got 500+ kt. The market seemed to find a bullish tinge to that and Brent flat price climbed to over $64 again by late morning in London.
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