Tag: Teapot Refineries

Over 30 Iranian Tankers Heading to Asia: A Major Boost for Tehran Amid U.S. Sanctions Waiver

Clark Savage385

In a striking development reported today by energy expert Dr. Anas Alhajji, more than 30 oil tankers carrying Iranian crude—with their AIS transponders visibly active—are currently heading to Asia. These vessels are loaded with over 50 million barrels of crude oil, according to shipping data from Kpler. This visible convoy marks a significant shift following […]

Continue Reading

China’s Teapot Refiners Slash Output as Hormuz Crisis Crushes Margins

Clark Savage620

Independent “teapot” refiners in China — the smaller, privately owned facilities concentrated in Shandong province that account for roughly a quarter of the country’s refining capacity — are slashing production rates as the ongoing paralysis in the Strait of Hormuz drives crude prices higher and crushes refining margins. According to industry sources cited by Reuters […]

Continue Reading