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Malaysian maritime authorities too stretched, underfunded to stem trade in US-sanctioned Iran oil, observers say
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Malaysia is top crude supplier to China s independents in 2022 despite Russian competition
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Brazilian crude flows to China’s independent refineries in May fell to zero for the first time since January 2016 as buyers turned to attractively-priced barrels from Russia and Iran, a move that would potentially help the refiners to boost their refining margins, S&P Global Commodity Insights’ data showed June 8. Once a strong favorite of .
After an initial period of caution, China’s independent refiners are becoming increasingly confident in snapping up attractively-priced Russian crude amid growing clarity that the conflict in Ukraine will not create major disruptions to shipment flows or financial transactions, unless sanctions are imposed. With Shandong’s pandemic-related restrictions easing and signs of improving refining margins, independent refiners .
Middle Eastern crude suppliers have gained a bigger market share of China’s independent refiners’ crude feedstock portfolio, accounting for nearly a third of the total in 2021, latest data by S&P Global Platts showed Jan. 7. Crudes from the Middle East Saudi Arabia, UAE, Oman and Kuwait emerged as the biggest winner in .
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