Traders and Refiners Book Ships to Load Middle East Oil on Hormuz Hope
The state refiner of Taiwan and commodity trading giant Glencore have each booked a tanker to travel to the Middle East and load oil, in a sign that crude customers are hoping for a re-opening of the Strait of Hormuz after the announcement of the U.S.-Iran ceasefire. CPC, Taiwan's state refiner, has booked a tanker to load 2 million barrels of crude from the Middle East and bring it to Taiwan in the coming weeks, Taiwanese Economy Minister Kung Ming-hsin said on Thursday, as carried by Reuters....
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