Oil Updates — Oil slumps $6 a barrel; China imports 2m barrels of Iran oil; Total JV makes oil discovery off Suriname coast

…China has received a new shipment of nearly 2 million barrels of Iranian oil in the past week at a southern port, according to shipping trackers, with one saying the cargo is destined for state reserves. The 260,000-ton cargo, carried by vessel Dorena which is owned by the National Iranian Tanker Corp., was discharged at Zhanjiang port, according to shipping tracking specialist Vortexa Analytics as well as US advocacy group United Against Nuclear Iran, which specializes in tracking Iranian oil flows. A Vortexa analyst told Reuters the cargo was for state reserves. Previous imports of Iranian oil for China’s state reserves have also been facilitated by NITC vessels and discharged at Zhanjiang.