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What you need to know:Will Oil Prices Ever Recover After the Market Broke? Subscriber OnlyMarketsOil Refiners Snap Up Distressed Cargoes and Pull Crude from Storage at SeaCrude sold from floating storage, or just weeks before loadingRefiners in India, China, South Korea buying prompt cargoesIndian Oil Corp. facility.Photographer: Dhiraj Singh/BloombergBySerene Cheong and Sharon Cho+FollowMay 27, 2020, 8:27 AM UTCUpdated onMay 28, 2020, 1:53 AM UTCFollow us @middleeast for more news on the region.Asian buyers are snapping up distressed cargoes of oil from Africa to the Middle East in another sign that demand is coming back in the world’s biggest crude-importing region.
