Iran doubles oil discount for China

The move aims to match the cost of Iranian crude with Russia's Urals grade, traders told Bloomberg Iran is being forced to discount its already-cheap crude even more to compete with Russia in the Chinese market, Bloomberg reported on Monday. Sanctions-hit Tehran reportedly has few options for its crude shipments. Meanwhile, Russian exports to China hit a record high in May, overtaking Saudi Arabia as the top supplier to the world’s biggest crude consumer. Russian Urals crude has also displaced some Iranian barrels, according to industry consultant FGE. “The only competition between Iranian and Russian barrels may

Read More Details
Finally We wish PressBee provided you with enough information of ( Iran doubles oil discount for China – media )

Also on site :

Wall Street Futures Edge Higher After S&P 500 Sets All-Time High
22% of homes on market ‘have been sitting there for over six months’
Canada rescinds Digital Services Tax after Trump cuts off U.S. trade talks

Iran doubles oil discount for China – media ...News

New LearnPlatform by Instructure Report Shows K-12 Districts Are More Selective About Edtech Tools as They Face Budget Crisis

GOP tax bill: 11.8M more uninsured, $1.1T in health cuts

To get your next job, you may need to face an AI recruiter first

Major UK bank will now pay you £185 to switch to them

QCY Crossky C50 Delivers Immersive Sound and All-Day Comfort in a Stylish Open-Ear Design

Poland’s Orlen Ends Russian Oil Purchases

It’s time to finance our future and ‘change course’, Guterres tells world leaders in Sevilla

Rise in number of mortgage approvals to home buyers in May, says Bank of England

Equinor Makes Oil Discovery At Massive Arctic Field

Wall Street Futures Edge Higher After S&P 500 Sets All-Time High

Calls to reform Lifetime ISAs over ‘nonsensical’ rules causing savers to lose their own money

A tale of 2 stock markets

Africa: All of Africa Today - June 30, 2025

ATRenew Releases 2024 ESG Report: Painting a New Picture of Sustainable Development

Australia's East Coast Faces Unexpected Gas Shortage