Iran increased oil prices and reduced supply for China 20:44

In recent months, Iran has blocked trade between the two countries by adopting a policy of increasing oil prices for Chinese buyers. writes about this Reuters He quotes sources at oil refineries.

It is stated that the supply of Iranian oil to China has decreased in the face of increasing prices. While Beijing purchased 1.53 million barrels of oil per day from Tehran in October 2023, this amount dropped to 1.18 million in December.

As the refinery explained to journalists, the situation currently appears to be at an impasse and it is unclear whether the Chinese side will accept the new price.

Before this Al Jazeera reportedThe West’s attempt to weaken Russia with oil sanctions has completely failed. According to the Kiev School of Economics (KSE), which tracks the sales of Russian oil, the Russian Federation earned $218 billion from it in 2022; A record amount for this year. At the same time, about half of exports went to Europe.

According to KSE calculations, Russia’s oil revenue this year will be 178 billion dollars, and in 2024 it will reach 200 billion dollars, that is, despite the loss in the European market, this decrease can be considered insignificant.

Previously in Russia in the name India and China are major partners in the supply of oil and petroleum products.

What are you thinking?

Source: Gazeta


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