The Network · 2026-04-02 06:57:08 · Bloomberg Markets
Chinese authorities have issued a blunt directive to the nation's private oil refiners: maintain fuel production at peak 2025 levels, regardless of economic losses. This command, framed as a matter of national priority, comes as a month-long war in the Middle East continues to disrupt global crude oil supply chains and...
The Vault · 2026-04-06 18:57:05 · Bloomberg Markets
A niche oil refiners ETF, the VanEck Oil Refiners ETF (CRAK), is outperforming the broader market during the ongoing conflict involving Iran. This surge is notable precisely because of the fund's modest scale, holding just $136 million in assets. The performance highlights how specific geopolitical pressures are creati...
The Vault · 2026-05-13 00:48:22 · ZeroHedge
Independent Chinese oil refiners, known in industry circles as "teapots," are slashing production rates to critically low levels as the ongoing paralysis of tanker traffic through the Strait of Hormuz crushes margins into unprecedented negative territory. Sources in the trade and refining sector report that operating r...