China Oil Demand Revival Spurs Price Spikes From Congo to Brazil

A rebound in Chinese oil buying is driving up the prices of African, Canadian and Latin American crudes as disruptions in the Strait of Hormuz see refiners ranging farther afield for alternatives.

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@ajaxsinger.bsky.social 7 likes 2 reposts 2 comments September 8, 2026 (1 week ago)

So yeah things are about to get significantly more expensive.