Top Chinese, European Oil Giants Stage Fierce Battle in Middle Eastern Crude Market

  • Unipec, Total are on opposite sides of Asia’s trading window
  • Activity may stem from positions in Brent and Dubai crudes

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Some of the biggest names in the global oil market are piling in on opposite sides of a normally sedate Middle East crude-trading window, making it harder to assess the impact of deep oil production cuts in the world’s top exporting region.

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Top Chinese, European Oil Giants Stage Fierce Battle in Middle Eastern Crude Market