Oil market price battle: Russia and Iran offer deeper discounts to China as crude piles up at sea

Russian and Iranian oil producers are offering deeper discounts to Chinese buyers as India reduces its purchases. Analysts note China's independent refiners are nearing capacity, leading to unsold oil piling up. This situation impacts Russia's war funding and Iran's export efforts amid geopolitical tensions.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/5E4rLmC

Comments

Post a Comment

Popular posts from this blog

Global giants bank on Indian-origin CFOs

Image
Indian-origin finance chiefs are increasingly leading global giants like Unilever, Tesla, and Mastercard. A study reveals over a dozen multinational corporations have appointed Indian descent CFOs, many educated in India. This trend highlights the evolving role of CFOs as strategists, adept at navigating complex markets and demonstrating resilience, a skill honed by the Indian education system and professional experiences. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/r9zfLbi
Read more