China's Teapot Refiners Set to Boost Iranian Oil Imports
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Insights by Echo AI
Stockpiles of crude oil held by independent refiners in China's Shandong province have dropped to their lowest level in eight months, potentially leading to increased purchases of Iranian crude. Inventories declined by 35 million barrels in July, the largest monthly draw since 2016, according to Energy Aspects. This decrease may prompt China's teapot refiners to resume higher volumes of Iranian oil imports this month.
Source coverage
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Shrinking regional oil stockpiles held by China’s independent refiners...
China’s Teapots May Boost Iran Oil Buying as Stockpiles Dwindle...
China’s Teapots May Boost Iran Oil Buying as Stockpiles Dwindle...
Shrinking regional oil stockpiles held by #China’s independent refiner...
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