Stockpiles at Shandong are estimated to have dropped to the lowest level in eight months at about 360 million barrels at the end of July...

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.