How China’s sanctioned oil imports are rebounding despite global pressure

Invezz

Factuality

Ownership

How China’s sanctioned oil imports are rebounding despite global pressure

It seems as though China’s imports of sanctioned oil are rebounding amid trade tensions with the US. Immediately after Shandong’s shipping ban and the US sanctions on tankers involved in Russian and Iranian trade, Shandong teapot refiners (the primary buyers of discounted sanctioned oil) decreased refinery runs, even during the Spring Festival travel rush preparation period, according to Vortexa. At the same time, Shandong’s onshore crude invent…