SITUATION REPORT

Iran, China: Fearing U.S. Sanctions, Chinese Refiners Suspend Oil Purchases

May 10, 2019 | 17:26 GMT

Beijing's two largest state-owned refiners, China Petrochemical Corp (Sinopec) and China National Petroleum Corp (CNPC), have reportedly declined to purchase oil to load in the month of May, Reuters reported May 10. ...

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