Russia was pushed aside: China found a new ally for oil purchasing

According to Western media, the streams of sanctions Iranian oil to China have been at the highest level for at least ten years. China is increasingly buying oil in Iran and replacing Russian "black gold" as energy from Russia is too expensive. About it reports Bloomberg. According to KPler's logistics company, the world's largest oil importer will receive about 1. 5 million raw oil barrels from Iran in August.

This is more than an average of 917,000 barrels a day for the first seven months of the year and will be the highest KPLER since 2013. Iranian oil is offered at a discount of $ 10 per barrel Brent and is much cheaper than Russian. According to journalists, the cost of Urals in the Western ports of the Russian Federation rose to $ 70.

Although it is $ 15 cheaper than the current Brent quotations, the real discount is much lower, since the final cost of oil for the buyer is the cost of transportation and insurance. The Russian Federation reduces the rate of shipment of raw oil in the ports of the Baltic and Black Seas, as European traders ignore the aggressor oil. Thus, the shipment from the ports of Primorsk, Ust-Luga and Novorossiysk at the end of July 2023 amounted to approximately 1.

17 million barrels a day, which is 625,000 barrels less than at the beginning of the month. Bloomberg noted that in Europe there were almost no interest in the purchase of Russian oil, and the maritime export of crude oil in July decreased to 104,000 barrels a day, and Bulgaria was almost always noted for the only destination for ships with Russian oil. Against this background, the volume of shipments of Russian oil to Asia markets, which was at the lowest level since mid January 2023, decreased.