China’s appetite for Iranian crude grew more than 4% year on year in the first nine months of 2018, a trend that could continue in Q4 as Washington’s decision to grant a temporary waiver will give some breathing space to buyers in Asia’s biggest oil importing country, market sources said. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Although there is no clarity on volumes on Iranian crude that Chinese buyers can ship in under the waiver, sources said that the decision would allow some of the key Chinese buyers, such as Sinopec, to honor term contracts they have for Iranian supplies. “China has to take Iranian crude oil in Q4 due to existing term contracts,” a market source said. According to data from China’s General Administration of Customs, China’s crude imports from Iran rose 4.1% year on year to 23.52 million mt, […]