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Asian refiners buy spot Nov Saudi oil
SINGAPORE: Several Asian refiners bought November Saudi crude in the spot market as Saudi Arabia pushed to move more oil out of the Strait of Hormuz, sources with knowledge of the matter said. Chinese state-owned and independent refiners bought at least 12 million barrels of Saudi crude on a delivered basis, three sources said. Another two sources said Saudi has sold oil for November-loading on a delivered basis to refiners in India and Taiwan. Some of the delivered crude was priced at a premium of about USD20 a barrel to November official selling prices (OSPs), the people said. The sales were...
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