China’s Cut in Iran Oil Imports Is ‘Warning,’ Petromatrix Says
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A reduction in China’s imports of crude oil from Iran may be a “warning sign” regarding the Middle Eastern country’s pursuit of nuclear technology, according to consultants Petromatrix GmbH.
China cut crude imports from Iran in the period from January to September compared with a year ago even as the world’s biggest energy consumer shipped in more oil, Petromatrix said. It decreased supplies from Iran to 415,000 barrels a day, from 499,000 a day last year, Petromatrix said, citing data from the Beijing-based Customs General Administration.