Refiners in Shandong are facing severe margin squeezes due to global oil market instability and sanctions.
1 report, 1 independent
Updated Jun 24
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What happened
Refiners in Shandong are facing severe margin squeezes due to global oil market instability and sanctions.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Independent refineries based in Shandong are actively seeking discounted cargoes of Iranian oil, influenced by ongoing U.S. sanctions talks.Sub-event
Sanctions and market conflict are causing severe margin squeezes for Shandong refiners.1 source
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The entities involved
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China
cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China
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Shandong
province of China