Chinese refiners are the biggest buyers of Iranian crude, while oil tankers are observed idling near the Singapore Strait.
2 reports, 1 independent
Updated Jul 28
Gone quiet
Reached 2 outlets in its first 24 hours
- Reports
- 2
- Developments
- 1
- Repetition
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New informationRepeats or wire copies
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What happened
Chinese refiners are the biggest buyers of Iranian crude, while oil tankers are observed idling near the Singapore Strait.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Beijing
capital city of China
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Singapore
sovereign island country and city-state in maritime Southeast Asia
Related events
- Singapore is shipping fuel oil to Saudi Arabia and China, with Venezuela and Russia identified as sources of incoming fuel oil cargoes.
- China's import cuts and energy policy are increasing pressure on Tehran and affecting regional stability.
- Indonesia has cut gas exports to Singapore, while Saudi Aramco is utilizing Singapore's caverns for crude oil storage.
- Indonesia and Singapore are considering trade arrangements for energy exchange, specifically seeking alternative suppliers for fuel imports.
- China increased imports of Russian oil while market premiums rose due to Red Sea instability and declining Saudi exports.
Coverage
Newest first; wire copies grouped- straitstimes.comIranian oil hoard swells off Malaysia on weak Chinese demand