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Market Chatter: PetroChina, Sinochem Buy 4 Million Barrels of Crude Oil From Saudi Aramco

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PetroChina (HKG:0857, SHA:601857) and Sinochem International (SHA:600500) bought a total of 4 million barrels of crude oil -- at least 2 million barrels each -- from Saudi Aramco, Reuters reported Thursday, citing sources.

The Saudi Arabian oil company resumed oil loading from inside the Strait of Hormuz last week and plans to load more tankers, according to the report.

Aramco offered some Asian refiners through private negotiations Arab Medium ​and Arab Heavy crude cargoes for loading ​through ship-to-ship transfers from the United Arab ​Emirates, the report said.

PetroChina, Sinochem, and Aramco did not reply to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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