China Cuts Down on Iranian Crude Oil Imports
China appears to be reducing its imports of Iranian crude oil and turning to Tehran’s Middle Eastern neighbors, despite Beijing’s tough talk about not being cowed by U.S. sanctions.
While China is still the biggest buyer of Iranian oil, imports fell 12.3% month-on-month in September to 442,900 barrels per day, according to data from S&P Global Platts. Several other countries appear have done the same, with Iranian crude exports falling 11.5% to 13.46 million metric tons (14.83 million U.S. tons) for the month, their lowest level since March 2016, according to shipping data company Elane Inc.
- 1In Depth: Tesla Charges Into China
- 2China Biz Roundup Podcast: Factory Inflation Stalls, iPhone Discounts, and Private Kindergarten Closures
- 3Update: China’s New Credit Growth Hits Record High
- 4 Operators of ‘Underground Banks’ Which Move Cash Out of China to Face Jail
- 5China Suspends Registration of Direct Selling Firms
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas