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Iran s crude production upside faces risk of further Western sanctions | Hellenic Shipping News Worldwide
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Iran s oil trade with China stalls as Tehran demands higher prices | Hellenic Shipping News Worldwide
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Iran reduces oil export to China, demanding higher prices
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Iran s oil trade with China stalls
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China's oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply for the world's biggest crude importer, refinery and trade sources said. The cutback in Iranian oil, which makes up some 10% of China's crude imports and hit a record in October, could support global prices and squeeze profits at Chinese refiners.