Iranian Light crude has flipped to a discount versus ICE Brent for the first time in two months as China’s teapot refiners pull back on imports amid mounting losses and high stockpiles.

China has allowed some independent refiners to reduce processing rates amid mounting losses as Chinese crude and fuel stockpiles remain comfortably high despite the Middle East…

Iranian Light crude has flipped to a discount versus ICE Brent for the first time in two months as China’s teapot refiners pull back on imports amid mounting losses and high…

Data from international tanker-tracking firms reveals that Iran's oil exports and deliveries to China dropped to their lowest level in 1 ...