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U.S. and African crudes surge as China's oil demand rebounds

Prices for Canadian, South American, and African crudes jump after a rebound in Chinese imports.

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The fact

Congo’s Djeno trades at a $20 premium per barrel, a record for this grade.

This trend contrasts with ongoing disruptions in the Middle East.

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Why it matters

La hausse des prix des bruts non moyen-orientaux renchérit les coûts pour les raffineurs européens et asiatiques, avec un impact sur les prix à la pompe attendu d’ici trois mois.

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Auto-synthesis from 1 media source · identified on September 7, 2026
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