Tuesday, June 3, 2025
U.S. sanctions disrupt Chinese teapots’ purchases of Iranian oil- oil and gas 360

U.S. sanctions disrupt Chinese teapots’ purchases of Iranian oil

(Oil Price) – Independent Chinese refiners have started to experience difficulties in procuring cheap Iranian crude oil while others have stopped purchases from Iran, after the United States sanctioned two independent refiners in the past two months, sources with knowledge of the issue have told Reuters. Chinese crude oil imports topped 12 million barrels per day (bpd) in March, the highest volume

Key Chinese ports ban oil tankers sanctioned by the U.S.- oil and gas 360

Key Chinese ports ban oil tankers sanctioned by the U.S.

(Oil Price) – Shandong Port Group, operator of key oil ports used by China’s independent refiners, has prohibited access and services to tankers sanctioned by the U.S. Treasury, a move that could curb Chinese oil imports and raise costs for local refiners, trade sources have told Reuters. Shandong Port Group has issued a notice, seen by the trade sources, banning ports from

Tankers that carried Iranian oil are switching to Russian crude- oil and gas 360

Tankers that carried Iranian oil are switching to Russian crude

World Oil (Bloomberg) — Oil tankers that previously carried Iranian oil are switching to haul Russian crude, according to shipping analytics company Vortexa.   Eleven of the tracked ships that previously carried Iranian crude have loaded Russian oil and products since April, accounting for 16 loadings in that period, according to a note dated July 21. Most of the vessels are smaller