Rosneft had signed an oil supply deal with CEFC China Energy Company Ltd, Russia’s largest oil producer said in a regulatory filing on Monday, confirming a Reuters report last week. Access to Russian crude could help China, the world’s top crude importer, in its ambition to create a globally integrated oil supply chain. As well as extending Russia’s lead over Saudi Arabia as China’s top oil supplier, the deal will make CEFC, a hitherto little-known fuel trader, a top-10 global oil merchant. It will also make CEFC a dominant player in the ESPO crude market and may enable it to challenge dominant Western […]