Reuters
02 Jul 2026, 09:08 UTC · 2h ago
China's Hengli scraps West African, Mideast oil purchases and cuts output, sources say
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
Reuters
02 Jul 2026, 09:08 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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3 claims · each scored for market impact
Hengli Petrochemical has cancelled recent purchases of non-Iranian crude following U.S. sanctions. — A major petrochemical player halting crude imports suggests significant operational disruption and reduced demand for non-Iranian oil.
-0.60Hengli Petrochemical is cutting refinery operations further due to low inventories. — Reduced refining capacity impacts downstream supply chains and indicates a decline in industrial output for the firm.
-0.40The U.S. sanctioned Hengli Petrochemical for allegedly purchasing Iranian oil. — Sanctions create legal and financial risks for the company's partners and limit its access to global dollar-denominated trade.
-0.20Continue reading
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