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Published 2 years ago

Business Maverick: Iran slashes the cost of its oil to compete with Russia in China

Summary by Ground News
Russian exports to China surged to a record in May, with the OPEC+ producer overtaking its cartel ally Saudi Arabia as the top supplier. Iran has cut its oil prices to remain competitive in the Chinese market, but it's still maintaining robust flows. West Africa has been one of the hardest hit, particularly supplies from Angola, Gabon and the Democratic Republic of Congo.

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South China Morning PostSouth China Morning Post

Iran slashes cost of oil to gain foothold in China and compete with Russia

China has become an important destination for Russian oil as Moscow seeks to maintain flows following the fallout from its invasion of Ukraine.

2 years ago·Hong Kong
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Financial PostFinancial Post

Iran Slashes the Cost of Its Oil to Compete With Russia in China

(Bloomberg) — Iran is being forced to discount its already cheap crude even more as a top ally gains a bigger foothold in the key Chinese market. Read More

2 years ago·Canada
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Armenian NewsArmenian News

Bloomberg: Iran forced to lower oil price to compete with Russia in China

2 years ago·Armenia
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Daily MaverickDaily Maverick

Business Maverick: Iran slashes the cost of its oil to compete with Russia in China

Iran is being forced to discount its already cheap crude even more as a top ally gains a bigger foothold in the key Chinese market.

2 years ago·South Africa
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Bloomberg LineaBloomberg Linea

Iran cuts the cost of its oil to compete with Russia in China

China has become a major destination for Russian oil, as Moscow tries to maintain flows after the consequences of its invasion of Ukraine

2 years ago
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forexlive.comforexlive.com

Weekend - "Iran Slashes the Cost of Its Oil"

2 years ago
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