China's Shandong Port Blocks US-Sanctioned Oil Tankers Amid Sanctions Intensification - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Luka Doncic Traded to Lakers in Blockbuster Deal, Anthony Davis Joins Mavericks
user-iconSam Striker
side-post-image
Concerns Grow Over Elon Musk's DOGE Group Access to Treasury Payment Systems
user-iconAtlas Winston
Contact Phone:
World News

China's Shandong Port Blocks US-Sanctioned Oil Tankers Amid Sanctions Intensification

share-iconTuesday, January 07 comment-icon3 weeks ago 9 views
News sources:
reutersREUTERS
China's Shandong Port Blocks US-Sanctioned Oil Tankers Amid Sanctions Intensification

Credited from: REUTERS

  • Shandong Port Group has instituted a ban on U.S.-sanctioned tankers from accessing its ports, primarily affecting independent refiners.
  • The province accounts for 1.74 million barrels per day of oil imports from Iran, Russia, and Venezuela, making it significant for China's overall oil imports.
  • This ban could potentially escalate shipping costs for refiners who rely on discounted sanctioned crude, which is integral to their operations.
  • The U.S. has intensified sanctions, especially targeting Iranian oil, which has prompted Shandong Port's action in response to recent U.S. measures.
  • Increased reliance on non-sanctioned vessels may lead to higher costs for independent refiners already facing poor margins and demand issues.

For more details, visit the original article at Reuters.

Gallery

SHARE THIS ARTICLE:

TAGS:

China Shandong port Us sanctions Oil imports Independent refiners Iran Russia Venezuela
author-dp

Author:

Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

nav-post-picture
date-iconJanuary 07, 2025 Zora Neale Hurston's Final Novel Resurfaces After Near Destruction
date-iconJanuary 07, 2025 Justin Trudeau Announces Resignation as Canada's Prime Minister Amid Growing Unpopularity
nav-post-picture
Related Posts
main-post-image
WORLD NEWS
Fatal Missile Strike in Kursk: Ukraine and Russia Exchange Blame
date-iconFeb 02, 2025
main-post-image
WORLD NEWS
Russian Missile and Drone Attacks Leave At Least 12 Dead in Ukraine
date-iconFeb 02, 2025
main-post-image
POLITICS
Former Federal Reserve Adviser Charged with Economic Espionage for Alleged Connections to China
date-iconFeb 01, 2025
main-post-image
TECHNOLOGY
DeepSeek's Rise Sparks AI Competition and Concerns Over Intellectual Property
date-iconFeb 01, 2025
main-post-image
ECONOMY
Trump's Tariffs on Canada, Mexico, and China Set to Take Effect Amidst Political Backlash
date-iconFeb 01, 2025
main-post-image
POLITICS
Florida Governor Ron DeSantis Set to Veto Immigration Bill Amid GOP Tensions
date-iconJan 31, 2025

Stay Connected

main-post-image
Politics
Senate Confirms Lee Zeldin as EPA Administrator Amid Controversy Over Deregulation and Climate Policies
date-icon January 30, 2025
main-post-image
World News
CDC Halts Collaboration with WHO Effective Immediately, Surprising Public Health Officials
date-icon January 29, 2025
main-post-image
World News
Frozen Manure Protest: PETA Activists Arrested for Stunt Outside ASPCA Office
date-icon January 26, 2025
main-post-image
World News
Marco Rubio's Central America Visit: Addressing Immigration and the Panama Canal Controversy
date-icon January 31, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Luka Doncic Traded to Lakers in Blockbuster Deal, Anthony Davis Joins Mavericks
user-iconSam Striker
side-post-image
Concerns Grow Over Elon Musk's DOGE Group Access to Treasury Payment Systems
user-iconAtlas Winston
© 2025 All rights reserved | PRESS AI WORLD