China's major state-owned refiners, Sinopec and PetroChina, are exploring a return to purchasing Iranian oil after a U.S. waiver, marking a potential shift since 2019. Despite this, industry sources suggest interest may be tempered by ample alternative supplies and weakening domestic fuel demand. The complex logistics of banking, insurance, and shipping are also being scrutinized before any deals are finalized.

Ample contracted crude supplies and minimal expected price discounts for Iranian crude have Indian buyers skeptical that the US' waiver will unleash a flood of buying.

Iran targets China and India for crude exports under a 60-day US sanctions waiver, sending oil prices down 2.7% with ripple effects across crypto and risk

Asian refiners are hesitant to buy Iranian oil, leaving China as the primary buyer amid U.S. sanctions relief.

China's major state-owned refiners, Sinopec and PetroChina, are exploring a return to purchasing Iranian oil after a U.S. waiver, marking a potential shift since 2019. Despite…

A temporary US sanctions waiver has put Iranian oil back on the table, but will Indian refiners return as buyers?

Middlemen and Iran's state oil company are offering discounted Iranian crude to Indian refiners after the US granted a 60-day sanctions waiver. However, refiners have limited room…