Iranian Crude Offered to China at Discount as Demand Softens
Iranian crude has been slashed for Chinese buyers in an effort to entice interest from independent oil refiners, which have reduced operating rates to stem losses from weaker margins.
By Charlie Zhu, Sarah Chen, Rong Wei Neo · Bloomberg Markets
Iranian crude has been slashed for Chinese buyers in an effort to entice interest from independent oil refiners, which have reduced operating rates to stem losses from weaker margins.