ChinaOil

China's Refineries Prepare to Resell US Oil Cargoes Amidst Tariff Struggles

3 months ago

In a notable development in the international oil markets, Chinese refiners are gearing up to resell U.S. oil cargoes after navigating a complex web of tariffs and trade restrictions. Recent reports indicate that these refiners, having faced multiple challenges due to unfavorable trade environments, are now poised to capitalize on the recovering demand for oil globally.

China's Oil Teapots Face Reckoning Amid Overcapacity Crackdown

4 months ago

In a significant shift within China's fluctuating energy sector, local small-to-medium-sized oil refineries, commonly known as "teapots," are grappling with the severe repercussions of a government-led initiative aimed at addressing overcapacity issues. This crackdown by Beijing comes at a time when the balance of supply and demand in the global oil market hangs in the balance, sparking fears within the industry of potential job losses and operational adjustments.