Iran slashes February crude price to Asia - Markets
SINGAPORE: Iran has set the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers at...
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SINGAPORE: Iran has set the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers at...
Oil trade between China and Iran has hit a roadblock as Tehran ceased shipments, seeking higher prices, reported Reuters.
Iran wants to reduce previous discounts of $10 a barrel of Brent crude to about $5 a barrel as relaxed sanctions reduce China's power to negotiate.
China's oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply for the world's biggest crude importer, refinery and trade sources said.
Iran wants to reduce previous discounts of $10 a barrel of Brent crude to about $5 a barrel as relaxed sanctions reduce China's power to negotiate.