Iran, China sign trade deal… S&P – Commodity Research Group

March 29, 2021 by Jim Colburn Leave a Comment

Aresu Eqbali, S&P Global, reports on an oil deal signed between Iran and China, here…

“Iran and China on March 27 signed a sweeping 25-year trade and security cooperation pact that could lead to increased oil flows from Tehran to Beijing.
The exact text of the deal was not released, but Iran’s semi-official Tasnim news agency reported that in exchange for greater access to Iranian oil, China pledged assistance and investment in Tehran’s energy sector, including fossil fuels, clean energy and nuclear.”

“Data intelligence firm Kpler estimates Iran will export some 896,000 b/d of crude oil and dirty petroleum products to China in March, up from 406,000 b/d in February and the highest level since April 2019.”

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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