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.

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69% of delivered gas was consumed in the domestic sector

69% of delivered gas was consumed in the domestic sector

A spokesman for the National Iranian Gas Company said: "Yesterday, 590 million cubic meters of natural gas, equivalent to 69 percent of the total gas delivered to the national network, was consumed in the domestic, commercial, and industrial sectors."