China’s independent refiners are expected to increase purchases of Iranian crude as Shandong inventories shrink sharply following months of reduced imports.

Shrinking regional oil stockpiles held by China’s independent refiners in Shandong province may spur increased buying of Iranian crude, offering Tehran a needed boo…

China’s independent refiners are expected to increase purchases of Iranian crude as Shandong inventories shrink sharply following months of reduced imports.