Economy

Demeter

(85,373 posts)

69. China Buys Russia, Vietnam Oil As Iran Supply Cut

Thu Jan 5, 2012, 10:12 AM

Jan 2012

http://www.energytribune.com/articles.cfm/9468/China-Buys-Russia-Vietnam-Oil-As-Iran-Supply-Cut

Chinese trader Unipec paid a record premium for a February cargo of Russian crude and bought Vietnamese oil for the first time in at least a year, traders said, as the world’s second-largest oil consumer looks to cover for reduced Iranian supplies.

China slashed Iranian crude imports by more than half for January as the two countries haggle over 2012 payment terms, industry sources have told Reuters. The latest deals show that the dispute could be dragging into talks for February cargoes as well.

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I'm not going to be nice to evil any more. Tansy_Gold Jan 2012 #2

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Hint. Hugin Jan 2012 #22

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