Sinopec and PetroChina are evaluating resuming Iranian crude oil imports for the first time since 2019 after a 60-day US Treasury sanctions waiver through

The new general license covering crude oil and refined and petchem products essentially aligns with the MOU negotiating period as Washington and Tehran chase a more permanent deal.

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.

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

Exports recovering from wartime collapse, but China remains only major customer

Indian refiners face limited opportunities to purchase Iranian crude due to payment issues and temporary sanction relief challenges.

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…