Discounts for Iranian oil widen in China on record stocks, even as sanctions curb shipments

Core Insights - Discounts for Iranian oil in China have increased due to record stock levels at a major refining hub and a shortage of import quotas affecting independent processors' purchasing ability [1] Group 1 - The widening discounts for Iranian oil are attributed to high stock levels at a significant refining center [1] - A shortage of import quotas towards the end of the year is limiting the buying capacity of independent processors [1]