a55555.netwww.a55555.net)是澳洲幸运5彩票官方网站,开放澳洲幸运5彩票会员开户、澳洲幸运5彩票代理开户、澳洲幸运5彩票线上投注、澳洲幸运5实时开奖等服务的平台。

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.

,

皇冠管理端登3网址皇冠管理端登3网址(www.99cx.vip)实时更新发布最新最快最有效的皇冠管理端登3网址、皇冠管理端登3手机网址,包括新2登3手机网址,新2登3备用网址,皇冠登3最新网址,新2足球登3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。 欧博开户声明:该文看法仅代表作者自己,与本平台无关。转载请注明:a55555.net(www.a55555.net):Iran slashes oil price to compete with China, Russia
评论关闭

分享到:

澳5开户:XCon2022议题 | 可信密态计算:密态时代的基础设施技术