Commodities & Energy

Reuters reveals Sinopec, CNPC to skip Iran oil bookings for November as U.S. sanctions near

Reuters reveals Sinopec, CNPC to skip Iran oil bookings for November as U.S. sanctions near

Reuters reported exclusively that Sinopec Group and China National Petroleum Corp, the country’s top state-owned refiners, have not made any nominations to load Iranian oil for November because of concerns they would be violating U.S. sanctions. Iran is the third-largest producer in the Organization of the Petroleum Exporting Countries and China is the biggest buyer of its oil.