The Hengli refinery complex in Dalian, China.Photographer: Yang Qing/Xinhua/Getty Images via Xinhua News Agency
Welcome to our guide to the commodities driving the global economy. Today, Asia Oil Team Leader Serene Cheong explores the repercussions of US sanctions against a major player among China’s “teapot” refiners.
In blacklisting one of China’s largest private oil refiners, US President Donald Trump is seeking to inflict more pain on Iran and gain leverage at the negotiating table.
