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Chinaoil buys record amount of Mideast crude
It bought 24 million barrels in April, surpassing the previous high reached in October
Published Wed, Apr 29, 2015 · 09:50 PM
Singapore
THE trading unit of China's biggest energy company bought a record amount of Middle East crude oil supplies this month on a Singapore trading platform, surpassing the previous high reached in October.
China National United Oil Co purchased 48 crude cargoes, or 24 million barrels, in April for loading in June on the so-called window used to determine benchmark prices by Platts, a unit of McGraw Hill Financial Inc, according to a Bloomberg News survey of traders. In October, it bought 47 cargoes from the region.
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