Chinese oil refiners turn to African and Brazilian oil as falling freight rates open new buying opportunities beyond Russia
Published . Updated .
This report is about refining and oil.
Directly affected
- No company is named in this report.
Indirectly affected
- CRAK VanEck Oil Refiners ETF
VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story.
- XLE Energy Select Sector SPDR+6.5% 30d
Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story.
- USO United States Oil Fund+4.8% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF+38.2% 18d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- AFK VanEck Africa Index ETF-11.3% 5d
VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“african”).
- EWZ iShares MSCI Brazil ETF-8.5% 30d
iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazilian”).
- CEW WisdomTree Emerging Currency Strategy Fund
WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Africa.
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-2.1% 11d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Africa
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CRAKNo price data for this ticker | — | — | — | — | — | — | — |
| XLENo price data for this ticker | — | — | — | — | — | — | — |
| USONo price data for this ticker | — | — | — | — | — | — | — |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| AFKNo price data for this ticker | — | — | — | — | — | — | — |
| EWZNo price data for this ticker | — | — | — | — | — | — | — |
| CEWNo price data for this ticker | — | — | — | — | — | — | — |
| EMBNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Chinese oil refiners turn to African and Brazilian oil as falling freight rates open new buying opportunities beyond Russia Business Insider Africa
Source: Business Insider Africa
Who collects and who pays in energy
Companies tied to this story
- CRAK Vaneck Etf Trust
For “Chinese oil refiners turn to African and Brazilian oil as falling freight rates open new buying opportunities beyond Russia,” Vaneck Etf Trust (CRAK) is linked, with no stored direction, medium confidence. Reason on file: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story
- XLE Select Sector Spdr Tr
In “Chinese oil refiners turn to African and Brazilian oil as falling freight rates open new buying opportunities beyond Russia,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story
- USO United States Oil Fund
For “Chinese oil refiners turn to African and Brazilian oil as falling freight rates open new buying opportunities beyond Russia,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- BWET Amplify Commodity Trust
In “Chinese oil refiners turn to African and Brazilian oil as falling freight rates open new buying opportunities beyond Russia,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story
- AFK Vaneck Etf Trust
In “Chinese oil refiners turn to African and Brazilian oil as falling freight rates open new buying opportunities beyond Russia,” Vaneck Etf Trust (AFK) is linked, with no stored direction, medium confidence. Reason on file: VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“african”)
- EWZ Ishares Msci Brazil Etf
In “Chinese oil refiners turn to African and Brazilian oil as falling freight rates open new buying opportunities beyond Russia,” Ishares Msci Brazil Etf (EWZ) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazilian”)
- CEW Wisdomtree Tr
In “Chinese oil refiners turn to African and Brazilian oil as falling freight rates open new buying opportunities beyond Russia,” Wisdomtree Tr (CEW) is linked, with no stored direction, medium confidence. Reason on file: WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Africa
- EMB Ishares Tr
For “Chinese oil refiners turn to African and Brazilian oil as falling freight rates open new buying opportunities beyond Russia,” Ishares Tr (EMB) is linked, with no stored direction, medium confidence. Reason on file: iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Africa
Vaneck Etf Trust (CRAK) and the energy link
The 29 Oct 2026 story “Chinese oil refiners turn to African and Brazilian oil as falling freight rates open new buying opportunities beyond Russia” names Vaneck Etf Trust (CRAK) because of Energy.
Vaneck Etf Trust (CRAK) is on the page because VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story
Price levels for Vaneck Etf Trust (CRAK)
USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 163.62. XLE traded between 61.05 and 69.86 across 20 sessions. The latest close on file is 68.23.
How strong the case is around Vaneck Etf Trust (CRAK)
46 out of 100
“Chinese oil refiners turn to African and Brazilian oil as falling freight rates open new buying opportunities beyond Russia” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.