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Wednesday, October 7, 2026 16:7 GMT
Chinese independent refiners have stepped up purchases of crude from Iraq and Qatar for October and November delivery to replace dwindling Iranian supplies, as exports from other GCC producers through the Strait of Hormuz recover, traders said. Strong demand for non-sanctioned GCC crude from private refiners has helped support the market after supply disruptions linked to the US-Israeli war with Iran. Chinese refiners bought at least 12 million barrels of Iraqi and Qatari crude from trading...More