Chinese port ban on US-sanctioned tankers tightens oil supply, Reuters reports
Shandong Port Group has prohibited U.S.-sanctioned tankers from accessing its ports in the eastern Chinese province, three traders familiar with the issue told Reuters. This region, home to many independent refiners, is a significant importer of oil from countries under U.S. embargoes. Last year, Shandong imported approximately 1.74 million barrels per day (bpd) of oil […]