Tracy Shuchart (𝒞𝒽𝒾 )(@chigrl):Chinese Teapots Lured by Crude Discounts in Adnoc Tender Chinese teapot refineries emerged as buyers in Adnoc’s latest oil tender Adnoc sold about 18m bbl of crude via in fifth tender for loading through August; Upper Zakum was the main grade sold, while some Das also changed hands, according to traders familiar with the matter The observation in this tender is that the Chinese teapots are now out buying, whereas in previous tenders they were not even in the buyer list, indicating that the current discounts are now at a level that competes with Iranian and Russian alternatives: Goh (Bloomberg)

2026.07.06 10:54

Chinese Teapots Lured by Crude Discounts in Adnoc Tender Chinese teapot refineries emerged as buyers in Adnoc’s latest oil tender Adnoc sold about 18m bbl of crude via in fifth tender for loading through August; Upper Zakum was the main grade sold, while some Das also changed hands, according to traders familiar with the matter The observation in this tender is that the Chinese teapots are now out buying, whereas in previous tenders they were not even in the buyer list, indicating that the current discounts are now at a level that competes with Iranian and Russian alternatives: Goh (Bloomberg)

121

Forward to community

Most Popular Users