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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The eye of the oil market to the Strait of Hormuz

The eye of the oil market to the Strait of Hormuz

The escalation of conflicts in the Middle East has increased concerns about the security of the Strait of Hormuz. Any disturbance in the flow of oil in this strait, considering its vital role in transferring 21 million barrels of oil daily to the world markets, will severely affect the prices.
Which refinery was more successful in the first 6 months of this year?

Which refinery was more successful in the first 6 months of this year?

A look at the production and sales performance of Bursa refineries in the first half of the year shows that Tabriz refinery has performed best in terms of increasing production and sales volumes. Earlier last year, Isfahan Refinery was the leader of this group, but the statistics show that Tabriz Oil Refinery has now taken over the oil fields.
Can China find an alternative to Iranian oil?

Can China find an alternative to Iranian oil?

According to reports, if the war flares up in the region, many countries in the region welcome the interruption of the Tehran-Beijing oil chain and try to introduce themselves as an alternative to this equation.