Iranian oil offers to China fall
Offers of Iranian crude to Chinese buyers have dropped and prices jumped as a US blockade disrupts shipments. Independent refiners are now seeking alternative supplies from Brazil and Iraq.
Xurve View
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Xurve View
Offers of Iran crude to China buyers fell and prices jumped during the week as a United States blockade cut shipments. The squeeze threatens independent refiners that account for a fifth of Chinese refining capacity. The disruption comes as Iran oil exports dropped to 534,000 barrels per day in August.
