China’s small independent oil refineries, known as teapots, have been thriving by processing discounted Iranian crude despite ...

This market operates in the Chinese renminbi and allows their crude-loaded “dark fleet” tankers to bypass international ...

U.S. President Donald Trump's administration on Thursday imposed sanctions on a third Chinese independent, or "teapot" oil ...

With healthy simple margins, independent refineries in China are taking this opportunity to buy incremental crude to increase ...

LONDON, May 19 - The possible lifting of U.S. sanctions on Iran's oil exports could deal a fatal blow to independent Chinese refineries that have thrived by processing Tehran’s discounted crude ...

The US Treasury Department sanctioned an oil refinery in China — along with port terminal ... Hebei Xinhai Chemical Group, Ltd., a so-called teapot refinery in Hebei Province, was the main ...