Energy · 28 views
Iranian Oil Supply to China Is Rapidly Drying Up
Iranian crude oil cargoes readily available to Chinese buyers have nearly dried up following the reinstated U.S. blockade on Iran’s oil exports, suggesting that independent Chinese refiners, the biggest buyers of Iranian crude, may have…
AI Summary
Iranian crude oil cargoes for Chinese buyers have almost vanished after the U.S. reinstated its blockade on Iran’s oil exports, prompting independent Chinese refiners—the largest purchasers of Iranian crude—to seek alternative supplies as early as next month.
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