🇮🇷🇨🇳Reuters: Iranian oil exports to China hit a record 1.83 million barrels per day during June 1-20
According to the Reuters article, Iranian oil exports to China, the largest buyer of Iranian oil, achieved a multi-year high of 1.83 million barrels per day during the period between June 1-20, coinciding with the Iran-Zionist War.
Furthermore, the article states that Iranian Light crude oil was being traded at around $2 a barrel below ICE Brent for end-July to early-August deliveries, two traders familiar with the matter said, compared to discounts of $3.30-$3.50 a barrel previously for July deliveries.
Iranian oil exports have lowered to 1.5 million barrels per day for this coming period, even though the discount has been lowered, Chinese demand still remains high.
My inference from this data is that the increased discount may have been a temporary incentive for China to buy more Iranian oil so that Iran can increase its revenue during the war period. Also, Chinese demand may have been influenced by the impending closure of the Straits of Hormuz.
🇮🇷🇨🇳Reuters: Iranian oil exports to China hit a record 1.83 million barrels per day during June 1-20
According to the Reuters article, Iranian oil exports to China, the largest buyer of Iranian oil, achieved a multi-year high of 1.83 million barrels per day during the period between June 1-20, coinciding with the Iran-Zionist War.
Furthermore, the article states that Iranian Light crude oil was being traded at around $2 a barrel below ICE Brent for end-July to early-August deliveries, two traders familiar with the matter said, compared to discounts of $3.30-$3.50 a barrel previously for July deliveries.
Iranian oil exports have lowered to 1.5 million barrels per day for this coming period, even though the discount has been lowered, Chinese demand still remains high.
My inference from this data is that the increased discount may have been a temporary incentive for China to buy more Iranian oil so that Iran can increase its revenue during the war period. Also, Chinese demand may have been influenced by the impending closure of the Straits of Hormuz.
Friday’s performance was part of a larger shift. For the week, the Dow, S&P 500 and Nasdaq fell 2%, 2.9%, and 3.5%, respectively. That hurt tech stocks. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were ugly—and out of it when headlines improved. Now, the yield is touching its pandemic-era high. If the yield breaks above that level, that could signal that it’s on a sustainable path higher. Higher long-dated bond yields make future profits less valuable—and many tech companies are valued on the basis of profits forecast for many years in the future. As the war in Ukraine rages, the messaging app Telegram has emerged as the go-to place for unfiltered live war updates for both Ukrainian refugees and increasingly isolated Russians alike. Oh no. There’s a certain degree of myth-making around what exactly went on, so take everything that follows lightly. Telegram was originally launched as a side project by the Durov brothers, with Nikolai handling the coding and Pavel as CEO, while both were at VK. Right now the digital security needs of Russians and Ukrainians are very different, and they lead to very different caveats about how to mitigate the risks associated with using Telegram. For Ukrainians in Ukraine, whose physical safety is at risk because they are in a war zone, digital security is probably not their highest priority. They may value access to news and communication with their loved ones over making sure that all of their communications are encrypted in such a manner that they are indecipherable to Telegram, its employees, or governments with court orders.
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