What War in Iran Means for Teapot Oil Refineries of China | Odd Lots

In the wake of the war in Iran, oil prices have shot up for everyone. But not all oil is exactly equal. Because Iran's oil is sanctioned, a lot of it winds up at China's so-called "teapot" refineries, which tend to be smaller and owned by independent companies. On the other hand, China has famously been building up its strategic petroleum stockpiles for years, and due to the rise of EVs, they may have less economic sensitivity to the price of crude directly. On this episode, we speak with Eric D