Every story we've covered involving teapots.
China’s small independent refiners — known as teapots — face mounting pressure as international oil prices rise and supplies from Venezuela and Iran dwindle following U.S. foreign policy actions. Narrow refining margins, which an Energy Aspects analyst said have slid from about $10 per barrel in early July to breakeven, raise the risk that these refiners will cut processing rates or be unable to switch fully to mainstream crude grades.
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