Angolan oil struggles to sell on demand fears, weak margins
The country suffered its slowest trading month in 2019 as the trade war between Beijing and Washington curbed its sales
20 June 2019 - 19:04
London — Angola, a key provider of oil to China, has suffered its slowest trading month in 2019 as poor refining margins, high freight rates and subdued demand amid the trade war between Beijing and Washington curbed its sales.
Angolan crude had been selling out easily each month, with heavier grades especially coveted since similar Iranian and Venezuelan varieties evaporated due to US sanctions...
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