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Fundamental Analysis Posted 2 hours ago

Chinese Refiners Shift to African, Brazilian Oil as Freight Costs Fall

News
Chinese refiners are diversifying crude purchases to West Africa and Brazil following a drop in long-haul shipping rates, reducing transport costs and expanding supply options beyond Russian barrels. This supply-chain shift may ease global crude competition and could moderate oil prices, affecting CAD through energy costs and feeding into central-bank inflation repricing—particularly relevant ahead of today's BOC rate decision.
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G
@george_kramer · 38 minutes ago

corruption in Africa wont let the oil proceeds be used to develop their infrastructure

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E
@emma_durban · 40 minutes ago

Africa needs to develop, the time for excuses is over

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W
@weilo_daniel · 41 minutes ago

Crude oil in Africa is a waste of time

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D
@dipuo_kefilwe · 44 minutes ago

Ghana will never use this money for its citizens

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K
@kemi_allen_omevia · 45 minutes ago

Tinubu hope you will use this money for the citizens, instead of going on a borrowing spree

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P
@precious123 · 47 minutes ago

Yet these oil producing African countries still have millions living in poverty

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S
@segun_33 · 56 minutes ago

Yet Tinubu is still borrowing up and down

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Y
@yokoyi · 57 minutes ago

Corrupt African leaders will be jubilating

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