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Iran increased its oil exports in June and July and could raise them further this month by offering a deeper discount to Russian crude for its main buyer China, firms tracking the flows said.
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 tracker saying the cargo is destined for state reserves. The 260,000 tonne cargo, carried by vessel Dorena which is owned by the National Iranian Tanker Corp (NITC), ...
Previous imports of Iranian oil for China's state reserves have also been facilitated by NITC vessels and discharged at Zhanjiang.
RIYADH: Oil prices skidded more than $6 a barrel on Wednesday amid a push by US President Joe Biden to bring down soaring fuel costs, including pressure on the country’s major energy firms to help ease the pain for drivers during peak summer consumption. By 0718 GMT, US West Texas Intermediate crude futures were off lows but still down $5.98, or 5.46 percent, at $103.54 a
SINGAPORE, June 22 — 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...