Iran’s oil discount to China reaches its highest level in a year

Iran’s oil discount to China reaches its highest level in a year

As a new wave of sanctions from the United States, Britain and the European Union target sales of Russian and Iranian oil, trade sources told Reuters that discounts on Iranian oil for Chinese customers have reached their widest in more than a year, reaching as much as $10. Reduced oil import quotas for independent Chinese refiners have also added to the pressure.
Strategies to deal with energy imbalances in the cold season; from the need to form a Ministry of Energy to liberalizing gas prices

Strategies to deal with energy imbalances in the cold season; from the need to form a Ministry of Energy to liberalizing gas prices

Winter is coming, and like every year, the issue of reducing gas consumption in the domestic sector and the challenge of energy imbalance is once again highlighted. Energy expert Hossein Mirafazli warns that excessive dependence on gas for home heating is a strategic mistake that has faced the country with an energy imbalance crisis during the cold season. He emphasizes the need to establish a Ministry of Energy, promote incentive schemes, and utilize modern technologies to reduce gas consumption.