China’s Private Refiners Snap Up Middle East Oil as Prices Slide
Source:
bloombergMarkets
July 1, 2026 · 22:51
From the publisher
China’s independent refiners are taking advantage of cheaper Middle Eastern oil after flows accelerated through the Strait of Hormuz, snapping up barrels from producers including Saudi Arabia and Iraq.
About the source
Bloomberg Markets
Bloomberg Markets is a magazine published six times a year by Bloomberg L.P. as part of Bloomberg News. Aimed at global financial professionals, Bloomberg Markets publishes articles on the people and issues related to global financial markets. Bloomberg Markets, which is based in New York City, has readers in 147 countries. More than half of its readers live outside the U.S.
Wikidata Q721648
Wikidata ↗
About Saudi Arabia
More from Saudi Arabia →
Capital
Riyadh
Region
Middle East, North Africa, Afghanistan & Pakistan
Income level
High income
ISO code
SAU
Data:
World Bank
About China
More from China →
Capital
Beijing
Region
East Asia & Pacific
Income level
Upper middle income
ISO code
CHN
Data:
World Bank
The original article opens on the publisher's website.
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