"Teapot" is an industry term for small independent oil refiners. The US Treasury Department said in a statement that the action would increase pressure on Chinese importers of Iranian oil as Trump ...

Illustration shows Iran flag, oil pump jack and stock graph ...

The sanctioned refinery in China's Shandong province received dozens of shipments of crude oil from Iran worth more ... from representatives of the Chinese and Iranian governments were not ...

(AP Photo/Jacquelyn Martin) WASHINGTON (AP) — The Treasury Department imposed sanctions Wednesday on a Chinese refinery accused of purchasing more than $1 billion worth of Iranian oil, saying the ...

According to a letter sent by Li Zhaohong, alternate director of Sinopec South Sudan, to Tong Xinmiao, president of Dar Petroleum Operating Company — in which the Chinese companies are partners ...

WASHINGTON (AP) — The Treasury Department imposed sanctions Wednesday on a Chinese refinery accused of purchasing more than $1 billion worth of Iranian oil, saying the proceeds help finance both ...

Chinese refiners are importing record amounts of Canadian crude after slashing purchases of United States oil by roughly 90 per cent amid escalating trade tensions. A pipeline expansion in Western ...

WASHINGTON (AP) — The Treasury Department imposed sanctions Wednesday on a Chinese refinery accused of purchasing more than $1 billion worth of Iranian oil, saying the proceeds help finance both ...