Chinese refiner Rongsheng Petrochemical has bought two 550,000 bbl Canadian Access Western Blend crude cargoes via the recently expanded TMX for September delivery according to Reuters sources.
- They were sold by Macquarie at a $6-7/bbl discount to ICE Brent they said.
- The company bought its first cargo via the expansion at the start of this month, highlighting the projects intention to open up the Asian market for Canadian crude barrels .