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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What are the causes of energy imbalance in Iran?

What are the causes of energy imbalance in Iran?

Member of the Board of Trustees of the Pension, Savings and Welfare Fund of Oil Industry Employees, pointing out that the increase in energy demand, inappropriate structure of energy supply and distribution, sanctions and economic problems, poor management and policy, fluctuations in energy production and political and security crises are among the reasons for its formation. Energy imbalance is energy, he said: If we had an optimal energy portfolio, we could use more electric energy and solar energy to compensate part of the energy imbalance.