Analysis: China saves billions of dollars from record sanctioned oil imports

News Snapshot:

Summary Shipments from Russia, Iran, Venezuela make up 25% of imports - tanker tracking Total shipments from the trio at record 2.765 mln bpd Independent teapots benefit more than state refiners Upside capped by quotas and as state firms stay clear of Iranian, Venezuelan oil SINGAPORE, Oct 11 (Reuters) - China has reaped savings this year of nearly $10 billion through record purchases of oil from countries under Western sanctions, according to Reuters' calculations based on data from traders and shiptrackers. An unintended consequence of sanctions imposed by the United States and others on Russia, Iran and Venezuela has been...