Reported 2 days ago
Sinopec has redirected a supertanker carrying crude oil after the U.S. imposed sanctions on a significant Chinese oil terminal in Rizhao, Shandong. The tanker, originally set to unload at Rizhao, has shifted its destination to Ningbo and Zhoushan ports. The sanctions, affecting a terminal involved in receiving Iranian oil, could reduce Sinopec's crude processing by approximately 3.36% this month.
Source: YAHOO