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Strong Start to 2021 for Chinese Imports

Chinese crude imports have started 2021 at high levels, with an average of around 8 mb/d in Q1'21, about 1 mb/d higher than in Q4'20 and 1.5 mb/d higher than in Q1'20. Middle Eastern arrivals have risen, in part supported by stronger Iranian arrivals, which hurt imports from West Africa.

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Apr 13, 2021

Basrah Medium: A Strong Contender for the Chinese Market

In line with SOMO's announcement that this new grade would be available from the start of January 2021, Petro-Logistics recorded the first-ever loadings of Basrah Medium on 4-5 January, with one VLCC co-loading Basrah Medium & Basrah Heavy and heading to China, and a Suezmax loading a full cargo for delivery to India.

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Jan 5, 2021

Indian Crude: When the Chips are Down

Indian refiners have experienced some of the greatest whiplashes in demand (foreign and domestic) and refinery runs in the world due to Covid-19. Both the collapse in 2Q and now the late-year rebound have been intense. This naturally raises the question: when the refiners must decide what crude supplies to cut or keep, what do they choose?

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Nov 11, 2020

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