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China Continues to Buy a Lot of Iranian Crude Oil

Summary by Oil Price
Chinese refiners continue to buy high volumes of crude oil from Iran, with first-half imports at the major port clusters estimated at nearly 1.4 million barrels per day (bpd), according to oil flow tracking data from Kpler cited by Bloomberg. Ports near industrial clusters Qingdao, Dalian, and Zhoushan are importing crude from Iran in several legs from the Persian Gulf via Malaysia with ship-to-ship (STS) transfers using shadow fleet vessels and…

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Oil Price broke the news in London, United Kingdom on Wednesday, July 2, 2025.
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