🇮🇷🇨🇳Reuters: Iranian oil exports to China hit a record 1.83 million barrels per day during June 1-20
According to the Reuters article, Iranian oil exports to China, the largest buyer of Iranian oil, achieved a multi-year high of 1.83 million barrels per day during the period between June 1-20, coinciding with the Iran-Zionist War.
Furthermore, the article states that Iranian Light crude oil was being traded at around $2 a barrel below ICE Brent for end-July to early-August deliveries, two traders familiar with the matter said, compared to discounts of $3.30-$3.50 a barrel previously for July deliveries.
Iranian oil exports have lowered to 1.5 million barrels per day for this coming period, even though the discount has been lowered, Chinese demand still remains high.
My inference from this data is that the increased discount may have been a temporary incentive for China to buy more Iranian oil so that Iran can increase its revenue during the war period. Also, Chinese demand may have been influenced by the impending closure of the Straits of Hormuz.
🇮🇷🇨🇳Reuters: Iranian oil exports to China hit a record 1.83 million barrels per day during June 1-20
According to the Reuters article, Iranian oil exports to China, the largest buyer of Iranian oil, achieved a multi-year high of 1.83 million barrels per day during the period between June 1-20, coinciding with the Iran-Zionist War.
Furthermore, the article states that Iranian Light crude oil was being traded at around $2 a barrel below ICE Brent for end-July to early-August deliveries, two traders familiar with the matter said, compared to discounts of $3.30-$3.50 a barrel previously for July deliveries.
Iranian oil exports have lowered to 1.5 million barrels per day for this coming period, even though the discount has been lowered, Chinese demand still remains high.
My inference from this data is that the increased discount may have been a temporary incentive for China to buy more Iranian oil so that Iran can increase its revenue during the war period. Also, Chinese demand may have been influenced by the impending closure of the Straits of Hormuz.
Investors took profits on Friday while they could ahead of the weekend, explained Tom Essaye, founder of Sevens Report Research. Saturday and Sunday could easily bring unfortunate news on the war front—and traders would rather be able to sell any recent winnings at Friday’s earlier prices than wait for a potentially lower price at Monday’s open. "For Telegram, accountability has always been a problem, which is why it was so popular even before the full-scale war with far-right extremists and terrorists from all over the world," she told AFP from her safe house outside the Ukrainian capital. He said that since his platform does not have the capacity to check all channels, it may restrict some in Russia and Ukraine "for the duration of the conflict," but then reversed course hours later after many users complained that Telegram was an important source of information. To that end, when files are actively downloading, a new icon now appears in the Search bar that users can tap to view and manage downloads, pause and resume all downloads or just individual items, and select one to increase its priority or view it in a chat. You may recall that, back when Facebook started changing WhatsApp’s terms of service, a number of news outlets reported on, and even recommended, switching to Telegram. Pavel Durov even said that users should delete WhatsApp “unless you are cool with all of your photos and messages becoming public one day.” But Telegram can’t be described as a more-secure version of WhatsApp.
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