China’s crude oil imports from Iran in September fell sharply from the same month last year in a sign that China has curbed its purchases from the Islamic republic as Washington prepares to re-impose sanctions on Tehran’s oil sector. Data from China’s General Administration of Customs showed China brought in 2.13 million tonnes of Iranian crude oil in September, or 518,300 barrels per day (bpd), down 34 percent from 3.22 million tonnes last September. As Iranian imports have dropped, shipments from the United States surged in September even as its trade war with the U.S. intensified. The data showed China’s oil imports in September from the U.S. were 1.04 million tonnes, or about 253,000 bpd, up from 495,551 tonnes a year earlier.
Sources:Arrow
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