Weak Chinese Demand Forces Cuts to Iranian Crude Prices ...Middle East

OILPRICE - Economy
Weak Chinese Demand Forces Cuts to Iranian Crude Prices
Chinese buyers are being offered Iranian crude at discounts to Brent, compared to a premium in May, as demand from China’s independent producers has weakened in recent weeks amid soaring input costs that dent refining margins. The price of Iranian Light for delivery in July into China has been cut to a discount of $1 per barrel to the ICE Brent benchmark, anonymous traders participating in the market told Bloomberg on Monday. This compares with a premium of up to $2 per barrel in the previous two months. The independent Chinese refiners,…

Hence then, the article about weak chinese demand forces cuts to iranian crude prices was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Weak Chinese Demand Forces Cuts to Iranian Crude Prices )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy


Latest News