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Iran oil stuck at sea surges as China’s teapots turn to rival Middle East supplies, traders say
SINGAPORE/LONDON: Iranian oil supplies at sea are rising after Tehran ramped up exports during the interim peace deal with the United States, but sales have been slow as China’s independent refiners have turned to cheaper crude from Iraq, the UAE and Qatar. The return of US sanctions this week risks leaving Tehran with more cargoes searching for buyers just as shipments arrive in Asia.
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straitstimes.com
Oil tankers previously stranded in the Middle East arrive in S’pore as US-Iran tensions rise
The pickup in traffic in the Strait of Hormuz could be a brief respite, say analysts. Read more at straitstimes.com. Read more at straitstimes.com.
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arabnews.com
Iran oil stuck at sea surges as China’s teapots turn to rival Middle East supplies, traders say
SINGAPORE/LONDON: Iranian oil supplies at sea are rising after Tehran ramped up exports during the interim peace deal with the United States, but sales have been slow as China’s…
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thedailystar.net
Iran faces oil glut as China opts for cheaper rivals
Iranian oil supplies at sea are rising after Tehran ramped up exports during the interim peace deal with the US. However, sales have been slow.
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cryptobriefing.com
China blunts Iran oil shock, faces challenge with refined fuels
China reduces crude oil imports to stabilize prices amid the Iran conflict. Crude oil reaching a new all-time high by September 30 at 7.8% YES.
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Iran conflict drives Asian oil buyers to record US crude imports
Iran conflict boosts U.S. crude imports from Asia to record levels. Crude oil reaching a new all-time high by December 31 at 14.5% YES.