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The head of the Iranian-Chinese Chamber of Commerce, Asadollah Asgaroladi, in an interview with the Iranian news agency, said that China intends to resume purchases of oil from Iran starting from the next week. He also noted that due to the solution of problems with the delivery of Iranian goods to the country, transactions with Iran will be resumed by the Chinese bank from December 2. In December, another Chinese bank will also be able to settle accounts with Iran. Earlier, before the introduction of US sanctions against Iran in early November, China’s state-owned companies stopped buying Iranian oil. However, as the media later reported, Washington allowed China to buy Iranian oil for 6 months, setting a certain amount of its purchases.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
Oil prices gained for the third day on Tuesday, supported by a bounce in demand from efforts to lift the U.S. economy as it struggles to recover from the coronavirus pandemic. Prices were also buoyed by a weakening dollar, making it ...
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