Tag: China oil teapots

China's independent oil refiners, known as teapots, are betting that the U.S. won't crack down on Iranian oil shipments for fear of pushing up prices. While higher gas prices in the U.S. are always very sensitive, particularly in the run-up to ...

Iran's once steady business of selling large quantities of oil to China's independent refineries may soon become the latest casualty of Russia's invasion of Ukraine.  For years, China provided Iran a vital cash flow by supplying the Chinese with as much as ...