Edward Hayden-Briffett
Research Analyst, Flux
Who doesn’t love a cheap meal?
Cheap crude spurs Chinese buying, with higher Saudi allocations lifting Dubai benchmarks as volatility returns to oil markets.
Crude is still cheap and that means just one thing… China is hungry! February Saudi allocations totalled 49 mil bbl, quite steady from the January set but a big boost from February 2025 – up 5.5 mil bbl, in fact.
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