Insights / News vs. Numbers

Iran-China dark trade, the missing 60-70 million barrels disappearing between Hormuz and Chinese refineries, signal for the market ahead?

By the XAnalysts team

Members

Commodity
Crude
Market Hub
Dubai
Price Indicator
Time spreads
Time Period
Immediate 1-3 months
Market Impact
Bearish pressure on forward three months curve

The Iran-China crude trade has become increasingly opaque since the March conflict. While Iranian export loadings have remained resilient, Chinese arrivals have fallen well short of departures, creating a growing pool of “missing” barrels somewhere between…

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