China’s Teapot Refiners Fight to Survive Deepening Oil Crisis
The country’s independent crude processors rely heavily on discounted Iranian, Russian and Venezuelan crude, putting them in a perilous position.
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Welcome to our guide to the commodities driving the global economy. Today, China-based reporter Dan Murtaugh describes how the country’s teapot refiners are withstanding the current energy crisis.
Almost seven weeks since the outbreak of the Iran war threw the global energy market into turmoil, China’s independent refiners are battered but not broken.