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06.12.25 - 04:12
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China′s Teapot Refiners Boost Crude Buying After New Import Quotas (ZeroHedge)
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China's Teapot Refiners Boost Crude Buying After New Import Quotas
By Michael Kern of Oilprice.com
Helped by the newly-issued crude import quotas, China's independent refiners are buying sanctioned Iranian crude again and raising their processing rates, making room for Iran's oil to move out of floating and bonded storage and potentially easing the year-end glut on the market.
Chinese teapot refiner
The independent refiners in China's Shandong province, the so-called teapots, have been buying cheap Iranian oil from onshore storage in China, including bonded storage, since the Chinese authorities issued a fresh batch of import quotas last week.
These quotas are important for China's purchases and storage of crude as all refiners except the five big state-owned giants need to be allocated quotas in order to import crude.
The teapots are now using their quotas to buy Iranian crude from bonded storage and boost processing rates, traders and analysts told Reuters on Friday.
The indepen...
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06.12.25 - 04:12
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Trump′s New National Security Strategy Stuns Mainstream In Saying Europe Faces "Civilizational Erasure" Within 20 Years (ZeroHedge)
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Trump's New National Security Strategy Stuns Mainstream In Saying Europe Faces "Civilizational Erasure" Within 20 Years
The Trump administration's just published new National Security Strategy has generated a lot of 'shock' and discussion since it appeared online early Friday. One of its more 'controversial' elements is the stark contrast in outlook on Europe in comparison with prior years' national security strategy documents.
It warns that some of America's oldest allies in Europe face "the real and more stark prospect of civilizational erasure" as a result of unchecked immigration, as well as the erosion of democratic principles. Alongside calling out irresponsible unchecked EU immigration policies, it further cites the curbing of free speech - also with the support for EU censorship excesses by transnational elite institutions, describing that "should present trends continue, the continent will be unrecognizable in 20 years or less."
AFP/Getty Image...
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06.12.25 - 04:06
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Meet the Illinois farmer sowing the seeds of the world′s biggest IPOs of 2026 (SCMP)
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Jeff Rowe grinned with satisfaction when the dashboard of his John Deere combine harvester showed the yield of the first run on his family's farm during this year's harvest: 253 bushels per acre, equivalent to 13.8 tonnes of corn per hectare.
The yield on the 100-acre Schubert parcel was the highest in many years, said Rowe, the CEO of Syngenta Group and the son of the owners of Rowe Farm, Dean and Carol. Located in the corn belt of Illinois state in the US Midwest, the farm used Syngenta's......
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