UPDATE 1-China's Sinopec resumes U.S. oil imports after 6-month halt- sources
UPDATE 1-China's Sinopec resumes U.S. oil imports after 6-month halt- sources. SINGAPORE, April 23 (Reuters) - Asia's largest refiner Sinopec is set to receive its first U.S. crude oil cargo this week since halting imports from the country in September, two sources with knowledge of the matter said on Tuesday. The supertanker Maran Artemis, carrying about 2 million barrels of U.S. West Texas Intermediate (WTI) Midland crude, is waiting off eastern China's Qingdao port to discharge its oil, according to Refinitiv analyst Emma Li. The company could have imported U.S. oil in recent months, but it decided not to take the risk of having cargoes at sea that could be caught out by the introduction of a Chinese tariff, he added. Some of China's smaller, independent refiners have previously tested the system by importing smaller cargoes in November and March which successfully cleared customs without invoking tariffs, trade sources said.