Tag Archives: Trade

OPEC-member Iran has exported around 2.5 million barrels per day of crude oil so far this year.

China is under the pressure to cut oil purchases from Iran.

Sinopec expects its crude oil output to remain stable over next three years.

South Korean refiners and petrochemical producers suspended shipments of Iranian crude and condensate in July.

According to analysts. Iran’s crude oil exports have fallen sharply due to US sanctions.

Oil prices rose on Friday. supported by signs that US sanctions on Iran are already reducing global crude supply.

Fifteen of the 25 analysts polled by International Business Times expect Iran’s sanctions to drive oil prices up.

UNIPEC. the trading arm of Asia´s biggest refiner Sinopec is one of the largest buyers of U.S. oil.

The Trump administration will offer 11 million barrels of crude from its reserves.

The US'.s growing trade dispute with China and spats with other trading partners are likely to dampen demand growth.