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China's Teapot Refiners Poised to Ramp Up Iranian Oil Buying
China's Teapot Refiners Poised to Ramp Up Iranian Oil Buying
By Tsvetana Paraskova of OilPrice.com
China’s independent refiners are likely to return to buying higher volumes of Iran’s crude oil this month as stockpiles in Shandong, home to the independent Chinese refiners, have dropped to the lowest level this year after the biggest estimated monthly draw in a decade.
For most of the Middle East conflict, now in its sixth month, China’s independent refiners, the so-called teapots, have drawn on their reserves and limited purchases and imports amid spiking international crude oil...
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Mar 18, 2026 / Tyler Durden
Qatar Expels Iranian Diplomats After Strike On LNG Hub; Israel Attacks Iran's Navy In Caspian Sea
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Summary
Israel strikes Iran Navy in Caspian Sea. Iran FM Discusses Strait of Hormuz with EU's Kallas, oil dumps, amid reports of Iran launches on KSA. Largest Qatar LNG export hub hit by Iranian missiles. Doha expels diplomats.
Some Gulf states want to ensure Iran's missile arsenal destroyed for good, as EU, Russia, China demand ceasefire; Beijing ignores Trump's Hormuz plea
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