Louisiana Light • 3 days | 93.63 | +3.02 | +3.33% | |||
Bonny Light • 1 day | 97.63 | -0.78 | -0.79% | |||
Opec Basket • 4 days | 95.31 | -0.42 | -0.44% | |||
Mars US • 9 hours | 89.81 | -1.97 | -2.15% | |||
Gasoline • 40 mins | 2.514 | +0.009 | +0.35% |
Bonny Light • 1 day | 97.63 | -0.78 | -0.79% | |||
Girassol • 1 day | 98.72 | -0.48 | -0.48% | |||
Opec Basket • 4 days | 95.31 | -0.42 | -0.44% |
Peace Sour • 55 mins | 86.21 | -1.97 | -2.23% | |||
Light Sour Blend • 55 mins | 86.71 | -1.97 | -2.22% | |||
Syncrude Sweet Premium • 55 mins | 95.31 | -1.97 | -2.03% | |||
Central Alberta • 55 mins | 84.51 | -1.97 | -2.28% |
Eagle Ford • 3 days | 86.87 | +0.71 | +0.82% | |||
Oklahoma Sweet • 3 days | 87.00 | +0.75 | +0.87% | |||
Kansas Common • 2 days | 84.00 | +3.25 | +4.02% | |||
Buena Vista • 4 days | 95.63 | -0.10 | -0.10% |
Green hydrogen projects face severe…
India's surging demand for aluminum,…
Chinaâs Customs Organization has announced, "This country's level of oil imports from Iran during the first half of 2011 reached 134.7 million tons, a growth of 49 percent in comparison to the same time period last year."
Chinaâs Customs Organization also reported that imports of Iranian liquefied petroleum gas (LPG) during June increased for the fourth consecutive month and reached more than 244,000 tons. Chinese imports of Iranian LPG during the first six months of 2011 increased 72.2 percent in comparison to the same period of 2010, Jomhuri-ye Eslami newspaper reported.
Chinaâs CNPC has agreements to boost output at Iran's North Azadegan oil field and South Pars gas field. Iran is China's third-largest crude supplier, after Saudi Arabia and Angola. During the period January-June 2011 Iran exported approximately 540,000 barrels per day of crude oil to China, more than 10 percent of Beijing's 5.1 million barrels per day of imports.
Â
Earlier this month Foreign Ministry Spokesman Ramin Mehman-Parast told reporters, âWe have no problem in selling our oil to China. We see our oil cooperation with other countries in the framework of trade deals and economic cooperation," and our oil, banking and economic officials always do consultations to prevent any possible problem.â
By. Charles Kennedy, Deputy Editor OilPrice.com
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com