Categories: BUSINESS

Oil market price battle: Russia and Iran offer deeper discounts to China as crude piles up at sea

Russian and Iranian oil producers are offering deeper discounts to Chinese buyers as India reduces its purchases. Analysts note China’s independent refiners are nearing capacity, leading to unsold oil piling up. This situation impacts Russia’s war funding and Iran’s export efforts amid geopolitical tensions.
Sumitra

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Sumitra
2 months ago

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