China rallies ANS

China surprises with crude buying spree, boosting ANS price above Brent

Steve Sutherlin

Petroleum News

Alaska North Slope crude has been supported in maintaining its newfound premium over Brent, as China has emerged as a surprise active buyer of Pacific cargoes. Suddenly it seems there is less oil tankered around the Pacific waiting to nail a spot market deal, and a berth at which to unload. (See ch....

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