SINGAPORE: China has received a new shipment of nearly 2 million barrels of Iranian oil in the past week at a southern port, according to shipping trackers, with one tracker saying the cargo is destined for state reserves. The 260,000 tonne cargo, carried by vessel Dorena which is owned by the National Iranian Tanker Corp (NITC), was discharged at Zhanjiang port, according … [Read more...] about China imports 2 mln barrels more of Iran oil, likely for reserves
Crown Prince of Saudi Arabia Mohammed bin Salman waves as he is welcomed by Turkey’s President during an official ceremony at the Presidential Complex in Ankara, on June 22, 2022. AFP RIYADH — The United States has hinted that more Arab nations could take steps to improve ties with Israel, ahead of President Joe Biden’s trip to the Middle East. All eyes are on Saudi … [Read more...] about Do signs point to an Israel-Saudi normalization deal?
LONDON: U.S. President Joe Biden has called on Saudi Arabia and other Gulf producers to increase their oil output to help stabilise prices, which have surged as a result of a strong rebound in consumption after the pandemic and now sanctions on Russia. But Saudi Arabia and the other Gulf Cooperation Council (GCC) members probably do not have much spare capacity to raise … [Read more...] about Biden unlikely to secure lower oil prices from Saudi Arabia