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Malaysian maritime authorities too stretched, underfunded to stem trade in US-sanctioned Iran oil, observers say scmp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scmp.com Daily Mail and Mail on Sunday newspapers.
Malaysia is top crude supplier to China's independents in 2022 despite Russian competition hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
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 . ....