After OPEC cuts heavy oil, China teapot refiners pull U.S. supply to Asia

20 February 2017, Singapore/Houston — Chinese independent, or teapot, refiners are bringing in rare cargoes of North American heavy crude in a new long-distance flow that traders say has only been made possible by OPEC’s output cuts and ample supplies in Canada and the United States. In April, at least 1 million barrels of the […] More »