Iran Withholds Oil Deliveries As It Seeks Higher Prices from China ...Middle East

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Iran Withholds Oil Deliveries As It Seeks Higher Prices from China
Iran seeks higher prices for its crude going to its top customer, China, and has been withholding some supply, Reuters reported on Friday, citing trading and refinery sources. China has continued to buy cheaper crude from Iran even after the U.S. re-imposed sanctions on Iranian oil in 2018. But now Iran is reportedly seeking narrower discounts to Brent for its crude supply to China, which has led to a “stalemate” between Iran and its Chinese customers. Iran has sought discounts of $5 to $6 per barrel for its light crude for…

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