SINGAPORE (Reuters) - Run rates for China's struggling independent oil refiners have nudged up recently, but still face near-term pressure over tepid domestic fuel demand and supply risks from U.S.
'With healthy simple margins, independent refineries in China are taking this opportunity to buy incremental crude to increase run rates'. Image by Alexey Bakharev via iStock At least two independent ...
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'Teapot' refineries & ghost tankers: China's playbook for dodging U.S. sanctions on Iran oil
China has quietly ramped up its imports of Iranian oil, using shadowy shipping tactics and independent “teapot” refineries to work around aggressive U.S. sanctions, according to data provided by CNBC.
Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. China’s independent refiners—the country’s infamous “teapots”— ...
SINGAPORE, June 20 (Reuters) - Sellers of Iranian oil to China are offering deeper discounts this month as they look to reduce inventories and as independent refiners slow their buying due to a jump ...
WASHINGTON, March 21 (Reuters) - The U.S. on Thursday issued new sanctions intended to hit Iran's oil exports, including what the State Department said were the first U.S. measures targeting a Chinese ...
WASHINGTON (Reuters) - U.S. President Donald Trump's administration on Thursday imposed sanctions on a third Chinese independent, or "teapot" oil refinery and port terminal operators in China for ...
WASHINGTON (Reuters) - The U.S. on Thursday issued new Iran-related sanctions, targeting entities including for the first time a Chinese "teapot", or independent refinery, and vessels that supplied ...
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