• Sign up for the Daily Digest E-mail
  • X
  • LinkedIn
  • See more results

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors

BOE Report

Sign up

See more results

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

China’s Rongsheng Petchem buys heavy oil from Canada and Ecuador for Feb, sources say

November 22, 20246:30 AM Reuters0 Comments

Chinese refiner Rongsheng Petrochemical has purchased a total of 2.65 million barrels of heavy crude oil from the Americas for February delivery, according to trade sources on Friday.

These include three Canadian crude cargoes of 550,000 barrels each, set to be exported from the Trans-Mountain pipeline (TMX), as well as 1 million barrels of Ecuadorian Oriente crude, sources said.

Rongsheng does not typically comment on commercial deals.

Vitol and BP each sold one cargo of Canadian Access Western Blend (AWB) crude while ExxonMobil will deliver one cargo of Kearl Lake crude, they said.

The TMX cargoes were sold at a discount of $4 a barrel to ICE Brent on cost-and-freight (C&F) basis, they said.

AWB is a type of heavy and highly acidic diluted bitumen produced by Canadian Natural Resources and MEG Energy while Kearl Lake is of a similar quality.

PetroChina sold the Oriente crude cargo, one of the sources said.

(Reporting by Florence Tan and Siyi Liu; Editing by Sherry Jacob-Phillips)

Canadian Natural Resources MEG Energy PetroChina

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • TPH Advising on Sale of Selected Journey Energy Inc. Assets
  • US EIA concedes Middle East supply disruptions are far worse than prior estimates
  • Trump, Xi to weigh tariff cuts on $30 billion of imports in managed trade push
  • Hemisphere Energy Declares Quarterly Dividend, Announces 2026 First Quarter Results and Provides Guidance Update
  • Global oil supply to plunge below demand this year on Iran war, IEA says

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2026 Stack Technologies Ltd.