皇冠博彩app
热门标签

新2手机管理端网址(www.99cx.vip):Iran slashes oil price to compete with China, Russia

时间:1个月前   阅读:2   评论:1

哈希竞彩www.hx198.vip)采用波场区块链高度哈希值作为统计数据,游戏数据开源、公平、无任何作弊可能性,哈希竞彩开放单双哈希、幸运哈希、哈希定位胆、哈希牛牛等游戏。

While Iran has cut its oil prices to remain competitive in the Chinese market, it’s still maintaining robust flows, likely in part due to rising demand as China eases strict virus restrictions that had crushed consumption. (File pic shows an Iranian oil complex)oil Iran complex

NEW YORK: Iran is reducing the price of its already cheap crude even more as a top ally gains a bigger foothold in the key Chinese market.

China has become an important destination for Russian oil as Moscow seeks to maintain flows, following the fallout from its invasion of Ukraine.

That’s led to increased competition with Iran in one of the few remaining markets for its crude shipments, which have been significantly curtailed by United States sanctions.

Russian exports to China surged to a record in May, with the Oragnisation of Petroleum Exporting Countries and its allies overtaking its cartel ally Saudi Arabia as the top supplier to the world’s biggest importer.

While Iran has cut its oil prices to remain competitive in the Chinese market, it’s still maintaining robust flows, likely in part due to rising demand as China eases strict virus restrictions that had crushed consumption.

“This is likely to make the Gulf producers uneasy, seeing their prized markets taken over by heavily discounted crude,” said Vandana Hari, founder of Vanda Insights in Singapore.

China’s official data only lists three months of imports from Iran since the end of 2020, including in January and May this year, but third-party figures indicate a steady flow.

,

新2手机管理端网址www.99cx.vip)实时更新发布最新最快最有效的新2手机管理端网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。

,

After a slight decline in April, imports have been over 700,000 barrels a day in May and June, according to Kpler.

Industry consultant FGE said Russian Urals have displaced some Iranian barrels.

Iranian oil has been priced at nearly US$10 (RM44.07) a barrel below Brent futures to put it on par with Urals cargoes that are due to arrive in China in August, according to traders.

That compares with a discount of about US$4 to US$5 (RM17.73 to RM22.04) prior to the invasion. Iran’s light and heavy grades are most comparable to Urals.

China’s independent refiners are major buyers of Russian and Iranian crudes, and cheap supplies are important because they’re constrained by rules around exporting fuels, unlike state-run processors.

Known as teapots, they are not given quotas to ship fuels to overseas markets, where prices have surged on a supply crunch. Instead, they supply the domestic market and have incurred losses as virus lockdowns sapped demand. — Bloomberg


转载说明:本文转载自Sunbet。

上一篇:Stella Holdings wins RM33.88mil contract from PAAB

下一篇:Drive电报群(www.tel8.vip):Court allows Rumah Bonda to be reopened

网友评论

  • 2022-10-28 00:06:26

    市社联党组书记、专职副主席王为松注意到“中国化时代化的马克思主义”这一表述,“这既是我们的历史自信和理论自信,也是对过去实践经验的深刻总结。”我是死忠粉了