Bourse and Bazaar | Esfandyar Batmanghelidj: New data from Chinas customs administration show a significant drop in purchases of Iranian oil. The declared value of September imports was just USD 254 million, down 34 percent from August and down 80 percent from the same month last year. The September data appears to end a period of relative stability ...

Reuters - The White House is warning Chinese shipping companies against turning off their ships transponders to hide Iranian oil shipments in violation of U.S. sanctions, two senior administration officials said. Weve been messaging very heavily to the shipping companies, you dont want to do this, its not worth it, said one official, who spoke to ...

Reuters - The United States is imposing sanctions on certain Chinese entities for knowingly transferring oil from Iran, U.S. Secretary of State Mike Pompeo said in what he called fresh actions to intensify pressure on Iran. Speaking at an event on the sidelines of United Nations General Assembly, Pompeo also said Washington was going to ramp up ...

Reuters - The United States has sanctioned Chinese state-run energy company Zhuhai Zhenrong Co Ltd for allegedly violating restrictions imposed on Irans oil sector, U.S. Secretary of State Mike Pompeo said in a speech on Monday. Weve said that we will sanction any sanctionable behavior, and we mean it, Pompeo said in a speech in Florida in which ...

Press TV - China, the top buyer of Iranian oil, has dismissed Washingtons warning to Hong Kong that it could face penalties if it provides services to a vessel carrying Iranian oil headed for the autonomous territory, saying normal energy dealings with Iran are in accordance with law and should be respected. In a Wednesday statement, a spokesman ...

Reuters - The United States has warned Hong Kong to be on alert for a vessel carrying Iranian petroleum that may seek to stop in the Asia financial hub, and said that any entity providing services to the vessel will be violating U.S. sanctions. The news comes nearly a month after U.S. President Donald Trumps administration stepped up moves to choke ...

Bourse and Bazaar | Esfandyar Batmanghelidj: On the same day that Iranian foreign minister Javad Zarif traveled to Beijing for talks on "regional and international issues, the Chinese oil tanker PACIFIC BRAVO began traveling eastward, having loaded approximately 2 million barrels of Iranian oil from the Soroosh and Kharg terminals in the Persian Gulf ...

Reuters - A tanker carrying Iranian fuel oil in violation of U.S. sanctions has unloaded the cargo into storage tanks near the Chinese city of Zhoushan, according to ship tracking data on Refinitiv Eikon. The discharging of the nearly 130,000 tonnes of Iranian fuel oil onboard the tanker, the Marshal Z, confirmed by a representative of the oil storage ...

RT - Oil imports by China unexpectedly surged in April to a record despite refinery maintenance outages and tepid domestic fuel demand, according to data from the Chinese General Administration of Customs. Imports amounted to 43.73 million tons of crude or 10.64 million barrels per day (bpd), customs data showed. That compared with 9.26 million ...

Reuters - Some 20 million barrels of Iranian oil sitting on Chinas shores in the northeast port of Dalian for the past six months now appears stranded as the United States hardens its stance on importing crude from Tehran. Iran sent the oil to China, its biggest customer, ahead of the reintroduction of U.S. sanctions last November, as it looked ...

Reuters - Chinas Iranian oil imports are set to rebound in December after two state-owned refiners in the worlds largest oil importer began using the nations waiver from U.S. sanctions on Iran, according to industry sources and data on Refinitiv Eikon. Sinopec (600028.SS) resumed Iran oil imports shortly after Tehrans biggest crude buyer received ...

Reuters - Russia shipped record volumes of crude oil to China in October as independent refiners continued to fill import quotas, while Iranian oil shipments fell on uncertainty over Washingtons imposition of sanctions on Tehran, data showed on Monday. Chinas imports from top supplier Russia jumped 58 percent from a year earlier to 7.347 million ...

Reuters - Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States. The shift demonstrates that China, Irans biggest oil customer, wants to keep buying Iranian crude ...

Wall Street Journal | Jessica Donati: The new U.S. special representative for Iran said Thursday the Trump administration is prepared to impose sanctions on all countries that buy oil from Iran after a deadline in November, including China, the top importer of Iranian crude. Brian Hook, who has been appointed as special representative and chief ...

IRNA As the biggest trade partner of Iran, China has long been importing Iranian oil, and will keep doing so despite US unilateral sanctions on Iran, the head of the international office of China Petroleum and Chemical Industry Federation (CPCIF) told the Islamic Republic News Agency (IRNA) on Monday. 'Chinese companies need the Iranian oil in ...

Bloomberg - The U.S. has been unable to persuade China to cut Iranian oil imports, according to two officials familiar with the negotiations, dealing a blow to President Donald Trumps efforts to isolate the Islamic Republic after his withdrawal from the 2015 nuclear accord. Beijing has, however, agreed not to ramp up purchases of Iranian crude, ...

IRNA An executive from China's Dongming Petrochemical Group, an independent refiner from Shandong province of China, says the refinery has stopped purchase of crude oil from the US and is going to buy crude from Iran. Japan Today daily quoted the executive as saying on condition of anonymity that China government is to levy tariff on import of ...

IRNA In spite of US threats on imposing sanctions against any country which continues its trade exchanges with Iran, experts believe that Beijing will support Tehran against Washington. The United States has threatened to sanction all countries including the European Union (EU), China, India, Japan and South Korea if they continue oil imports from ...

Press TV- The latest market figures show that Irans exports of crude oil to China in September saw a whopping increase of 59 percent compared to the same period last year. Figures released by Reuters showed that Iran exported as much as 3.22 million tonnes or 784,000 barrels per day (bpd) to Asias largest and worlds second top consumer last ...

SEOUL, June 15 South Korea's imports of Iranian crude oil jumped around 130 percent in May from the same month a year ago, extending gains after international sanctions were lifted in January on Iran's disputed nuclear programme. Seoul brought in 1,258,714 tonnes of Iranian crude oil last month, or 297,625 barrels per day (bpd), compared with 541,...