US sanctions on major Chinese terminal threatens to disrupt tanker markets
- Sanctioned crude accounts for only a small share of the terminal’s total throughput
- Up to 900 kbd of compliant crude handled by China’s state-owned refiners may have to rush for alternative entry points
- The move could disrupt Sinopec’s crude supply and tanker operations
US sanctions on a key Chinese oil terminal risk disrupting crude flows and add tension ahead of the Trump–Xi meeting
