Chinese independent refiners are rapidly increasing their purchases of crude oil from Iraq and Qatar, responding to a significant reduction in Iranian oil supplies. This shift is occurring as refiners aim to replenish their stockpiles. The move indicates a strategic adjustment in sourcing to maintain production levels despite geopolitical factors impacting Iranian exports. Details suggest the increase in Iraqi and Qatari crude is directly linked to the shortfall created by reduced Iranian deliveries. This trend highlights China’s efforts to diversify its oil sources and ensure energy security. Further details on stockpile levels were not immediately available. The information originated from Iraqi News.