Customs will assess formula-priced crude at the filed formula, matching SNSUC's quotation; the taxable rate sits with the buyer, so hedging timing sets the cost.

EUR/CNY at 7.4865 and EUR/USD at 1.1222 both slipped as the euro softened on its own; CIPS euro direct-clearing replaces the two-step dollar route, pulling settlement from T+2 to T+1.