Mercuria Expects China to Return to Buying Oil Within Weeks After Heavy Sales During Iran Crisis

(Reuters) – China will have to return to buying large volumes of oil within three weeks after being a big seller during the peak of the Iran supply crisis, the head of Mercuria, one of the world’s largest energy traders, told the FT Commodities Summit.

Marco Dunand said China was selling commercial stocks it had accumulated before the crisis.

Reporting by Dmitry Zhdannikov and Robert Harvey Editing by David Goodman

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