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Fred Sanders

(23,946 posts)
Fri Sep 7, 2018, 02:58 PM Sep 2018

Iranian Oil Exports to China Hit 874,000 Barrels per Day Oilprice.com

"China imported Iranian crude at an average daily rate of 874,000 barrels last month, S&P Global Platts data shows, and, according to the agency, these will start declining now, with the August number representing the peak.

Loading data for delivery this month suggests that China imports of Iranian crude will average 581,000 bpd in September.

Despite this expected decline, China has said it will continue to do business as usual with Iran, including in oil, despite a promise that Beijing officials made to a U.S. delegation last month that Chinese refiners will not increase their intake of Iranian crude further. In light of the escalating trade war between China and the United States, it’s anyone’s guess how willing the Chinese will be to keep this particular promise."

https://oilprice.com/Latest-Energy-News/World-News/Iranian-Oil-Exports-To-China-Hit-874000-Bpd-In-August.html?utm_medium=referral&utm_source=idealmedia&utm_campaign=oilprice.com&utm_term=68737&utm_content=2288084

..............

The article also notes that China and Chinese industries do not give a rat's fuck about violating Shitler sanctions because of the Iran nuclear deal idiocy. And Canada, Saudi, Nigeria, etc. are happy to supply more oil at very good prices due to the 25% tarifff slapped on American crude a month ago...it's a seller's market, but not for America.

The wheels of Justice turn slowly, but the wheels of business grind a lot more quickly...it is going to be trade war Armageddon once all the war engines are warmed up.

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