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Who bought 1 million barrels of crude oil?

By buying 1 million barrels of crude oil, PetroChina International Corp Ltd completed the first-ever international crude oil trade to be settled in e-CNY at the Shanghai Petroleum and Natural Gas Exchange (SHPGX). The SHPGX's announcement on Friday, however, did not disclose the exact value of the deal nor the identity of the seller.

Did PetroChina buy 1 million barrels of crude oil?

PetroChina bought 1 million barrels of crude oil settled in e-CNY, or digital yuan, at the Shanghai Petroleum and Natural Gas Exchange (SHPGX) on Oct. 18, according to the report by the Chinese Communist Party-owned newspaper. The SHPGX did not disclose the exact value of the deal nor the seller's identity.

How many barrels of crude oil will OPEC cut in 2025?

The Organization of the Petroleum Exporting Countries and its allies agreed Sunday to extend a voluntary production cut of 2.2 million barrels of crude oil a day into 2025.

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