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China Pays a Price for Cheaper Oil

But this year, oil producers are pumping and selling all the oil they can to meet surging demand, and the extra oil they are able to bring to market is, to a great extent, high in sulfur. With sweet crude commanding the highest prices, many refineries in China and elsewhere are buying cheaper sour crude, and turning it into fuels that may contain many times more sulfur than the gasoline and diesel sold in the United States or Europe.

Posted on Saturday, June 26 @ 21:54:13 PDT by Aaron

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