Highlights US crude inflows recover to 8-month high Malaysia rises to 8th highest crude supplier China imported 1.08 million mt, or 255,065 b/d, of crude oil from Iran in May, down 66.7% from the five-year high of 3.24 million mt in April as the US’ sanction waivers for Iranian oil expired on May 2. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The volume fell 63.1% year on year, the latest data released by the General Administration of Customs showed. The US, which re-imposed oil sanctions on Iran in November 2018, gave sanction waivers to Iran’s biggest crude and condensate buyers, including China, which expired on May 2. Iranian crude oil and condensate exports, which averaged about 1.7 million b/d in March, fell to about 1 million b/d in April and an estimated 800,000 b/d in May, according to S&P Global Platts cFlow trade flow […]