Sanctions have barely affected Iran’s exports of oil products, primarily fuel oil used for power generation and shipping as well as liquefied petroleum gas used as cooking gas and petrochemical feed
Refinitiv Eikon data shows Iran exported more than 230 000 bpd of fuel oil in August, all to the United Arab Emirates, slightly above July’s figure of 220 000 bpd. At current prices and assuming Iran is not selling at a big discount, such sales generate over $300 million a month. “The irony is: if not for the US-China trade war, the US would have greatly benefited from this uptick in Chinese demand as a means of mopping up its overabundance of LPG supplies, thanks to shale,” she added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Africa encouraged to prioritise digital technologies - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Experts on agriculture say digital technologies could be a game changer for Africa, but only if policies are well aligned to ensure these technologies are put in the hands of smallholder farmers.
Source: SABC News Online - 🏆 32. / 51 Read more »
World’s first Koesister Day - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The first World Koesuster Day is being celebrated on Sunday. The koesister, a doughnut with its origins in the Cape Malay community, is traditionally eaten on a Sunday morning.
Source: SABC News Online - 🏆 32. / 51 Read more »
Mabuza hails SAPS officers - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Deputy President David Mabuza has reiterated that an attack on a police officer, is an attack on South Africa. He delivered his Keynote Address at the Annual South African Police Service Commemoration Day at the SAPS Memorial site in Pretoria.
Source: SABC News Online - 🏆 32. / 51 Read more »
SABC board maintains support for Executive Directors - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The South African Broadcasting Corporation (SABC) board has reaffirmed its support and respect for the SABC's Executive Directors.
Source: SABC News Online - 🏆 32. / 51 Read more »