Top Asian Refiner Sells Large Volumes Of Oman Crude Oil

Unipec, the trading unit of the top Chinese and Asian refiner, Sinopec, is selling unusually large volumes of Oman crude for August loading to other trading firms, in a sign that demand in China could be weaker than thought, according to trade sources and data Reuters has compiled. The large ongoing sale of millions of barrels of Omani crude has kept the Dubai benchmark price, the benchmark for Middle Eastern crude going to Asia, in check in recent days, despite the expected tightening of the oil market in July when the Saudi production cut of…