{"id":14609,"date":"2025-06-27T08:23:59","date_gmt":"2025-06-27T08:23:59","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=14609"},"modified":"2025-06-27T08:23:59","modified_gmt":"2025-06-27T08:23:59","slug":"chinas-iran-oil-imports-surge-in-june-on-rising-shipments-teapot-demand","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/14609\/","title":{"rendered":"China’s Iran oil imports surge in June on rising shipments, teapot demand"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0China’s Iranian oil imports surged in June as shipments accelerated before the recent conflict in the region and demand from independent refineries improved, analysts said.<\/p>\n

The world’s top oil importer and biggest buyer of Iranian crude brought in more than 1.8 million barrels per day (bpd) from June 1-20, according to ship-tracker Vortexa, a record high based on the firm’s data.<\/p>\n

Kpler’s data put the month-to-date average of China’s Iranian oil and condensate imports at 1.46 million bpd as of June 27, up from one million bpd in May.<\/p>\n

The rising imports are fuelled in part by the accelerated discharge of high volumes of Iranian oil on the water after export loadings from Iran reached a multi-year high of 1.83 million bpd in May, Kpler data showed.<\/p>\n

It typically takes at least one month for Iranian oil to reach Chinese ports.<\/p>\n

Robust loadings in May and early June mean China’s Iran imports are poised to remain elevated, Kpler and Vortexa analysts said.<\/p>\n

Independent Chinese “teapot” refineries, the main buyers of Iranian oil, also showed strong demand for the discount barrels as their stockpiles depleted, said Xu Muyu, Kpler’s senior analyst.<\/p>\n

A possible relaxing of U.S. President Donald Trump’s policy on Iranian oil sanctions could further bolster Chinese buying, she added.<\/p>\n

Trump said on Wednesday that Washington has not given up its maximum pressure campaign on Iran – including restrictions on Iranian oil sales – but signalled a potential easing in enforcement to help the country rebuild.<\/p>\n

For this week, Iranian Light crude oil was being traded at around $2 a barrel below ICE Brent for end-July to early-August deliveries, two traders familiar with the matter said, compared to discounts of $3.30-$3.50 a barrel previously for July deliveries.
\nNarrower discounts were spurred by worries that oil flows could be disrupted through the Strait of Hormuz, a critical waterway between Iran and Oman, traders said.<\/p>\n

Market fears for a closure of the chokepoint had escalated after last weekend’s U.S. attack on Iranian nuclear sites but eased after Iran and Israel on Tuesday signalled a ceasefire.
\nTighter discounts for Iranian oil come amid a retreat in futures prices. ICE Brent crude futures hovered at $68 per barrel on Friday, their level before the Israel-Iran conflict began and down 19% from Monday’s five-month peak.<\/p>\n

Updated on