Physical crude premiums have collapsed from more than $30 above Brent to near parity as refiners delay purchases, draw down inventories, cut refinery runs, and rely on strategic reserve releases ...
China underpinned oil prices in 2025 by aggressively stockpiling crude. Crude imports hit record highs, with December stockpiling estimated at 2.67 million bpd—the fastest pace since 2020—as Beijing ...
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