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China Oil Demand Revival Spurs Price Spikes From Congo to Brazil

Bloomberg Markets Monday 07 September 2026, 06:55 UTC By Bloomberg News 1 min read
Key Points

A rebound in Chinese oil buying is driving up the prices of African, Canadian and Latin American crudes as disruptions in the Strait of Hormuz see refiners ranging farther afield for alternatives.

A rebound in Chinese oil buying is driving up the prices of African, Canadian and Latin American crudes as disruptions in the Strait of Hormuz see refiners ranging farther afield for alternatives.
China Oil Demand Revival (ORG) Congo (LOCATION) Brazil (LOCATION) Chinese (ORG) African (ORG) Canadian (ORG) Latin American (ORG) the Strait of Hormuz (LOCATION)
Originally published by Bloomberg Markets Read original →

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