Tag: teapot refiners
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China Gives Small Refiners More Crude Quotas Amid Iran Oil Disruption
China granted additional crude import quotas to independent “teapot” refiners as it tries to keep fuel production steady during supply disruptions linked to the Iran crisis. The move is aimed at helping those plants maintain officially mandated output levels even as Persian Gulf flows have been strained.
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How a U.S. Sanctions Waiver Will Squeeze China’s Access to Cut-Rate Iranian Oil
China, the world's top crude importer, has been the main buyer of oil from OPEC producer Iran in recent years, but will face competition and higher prices after the U.S. issued a 30-day sanctions waiver on Iranian oil. Beijing, ...
China’s Teapots Buy Iranian Oil to Replace Venezuelan Supply, Sources Say
By Siyi Liu Chinese independent refiners are buying discounted Iranian heavy crude to replace Venezuelan shipments that have stalled after the U.S. claimed control of the OPEC producer last month, two people with knowledge of the matter said on Monday.
A drone view shows a ship and electric and hybrid vehicles manufactured by Chinese automaker BYD at the port of Zarate, Argentina, on January 20, 2026. (Photo by Matias Baglietto/NurPhoto) (Photo by Matías Baglietto / NurPhoto / NurPhoto via AFP)
To international visitors, Bonn—tucked along the Rhine River valley in western Germany—can feel like a time capsule. “Many things never change,” my local hosts told me, gesturing proudly toward the Bonn Minster, the Romanesque church that has anchored the city center since the Middle Ages. After more than two dozen visits ...
China Gives Small Refiners More Crude Quotas Amid Iran Oil Disruption
China granted additional crude import quotas to independent “teapot” refiners as it tries to keep fuel production steady during supply disruptions linked to the Iran crisis. The move is aimed at helping those plants maintain officially mandated output levels even as Persian Gulf flows have been strained.
How a U.S. Sanctions Waiver Will Squeeze China’s Access to Cut-Rate Iranian Oil
China, the world's top crude importer, has been the main buyer of oil from OPEC producer Iran in recent years, but will face competition and higher prices after the U.S. issued a 30-day sanctions waiver on Iranian oil. Beijing, ...
China’s Teapots Buy Iranian Oil to Replace Venezuelan Supply, Sources Say
By Siyi Liu Chinese independent refiners are buying discounted Iranian heavy crude to replace Venezuelan shipments that have stalled after the U.S. claimed control of the OPEC producer last month, two people with knowledge of the matter said on Monday.