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Page added on March 2, 2022
China’s purchase of Iranian oil more than before sanctions
Chinese imports exceeded 700,000 barrels per day (bpd) for January, according to estimates of three tanker trackers, surpassing the 623,000 bpd peak recorded by Chinese customs in 2017 before former U.S. President Donald Trump reimposed sanctions in 2018 on Iranian oil exports.
One tracker estimated imports amounted to 780,000 bpd in November-December on average.
The ramping up of the purchases by the world’s top oil importer comes amid talks between Tehran and world powers to revive a 2015 nuclear deal that will lift U.S. sanctions on Iranian oil exports. The talks have intensified in recent weeks.
A return of Iranian oil will ease tight global supplies and cool crude prices that have touched $100 a barrel following Russia’s invasion of Ukraine.
Iran is expected to have a strong comeback to the global market in case the nuclear deal is revived and the U.S. sanctions on the country are lifted, Bloomberg reported on February 25.
According to the report, considering the capacity of Iran’s offshore oil storages, the Islamic Republic will be able to inject millions of barrels of oil into the market as soon as the sanctions are lifted, without the need for boosting the current level of production.
Asian countries including South Korea are likely to be among the first in line to ship in Iranian cargoes.
Bloomberg puts the estimation of the crude oil stored at Iranian stationary tankers at 65 to 80 million barrels, citing the data intelligence firm Kpler.
About four-fifths of the stored crude is condensate, a super-light oil that’s a by-product of natural gas extraction. The overall Iranian volume is higher if crude that’s already in transit is included, the report said.
6 Comments on "China’s purchase of Iranian oil more than before sanctions"
FamousDrScanlon on Thu, 3rd Mar 2022 12:24 pm
Almost everyday I get a phone call from some weird numbers & if I answer it, it’s a recording – gook lady talking at inhumane speed.
What is the point? I think it’s gooks saying
“we own you round eye”.
I pretty much only answer local calls. I can’t wait to smash that dumbphone against a wall. I bought it a year ago when my old flip phone died. First smartphone – hate it. Does a bunch of things….all half asses.
FamousDrScanlon on Thu, 3rd Mar 2022 12:29 pm
Those people in the down under prison colony won’t be waiting on the beach for climate doom to end them
“A quad bike has been pictured hanging from the power lines of a regional Queensland town – a terrifying insight into how high the floodwaters peaked.”
A quad bike has been pictured hanging from the power lines of a regional Queensland town – a terrifying insight into how high the floodwaters peaked.
Shocking images from Gympie, north of the Sunshine Coast, show the all-terrain vehicle hanging from electric wires by its handle bars on Wednesday morning in the aftermath of the severe storms.
The quad bike can be seen perched high above the gate to a home, covered in weeds and debris. A cherry picker was called in by the SES to help remove the vehicle.
The Mary River in nearby Maryborough saw a record peak of 11metres, with water only just starting to recede.
https://www.dailymail.co.uk/news/article-10566603/Queensland-floods-Photo-quad-bike-hanging-power-lines-proves-high-waters-rose.html
FamousDrScanlon on Thu, 3rd Mar 2022 12:52 pm
‘Nothing to sell’: Queensland and NSW flood waters hit supermarkets and grocery supplies
Coles and Woolworths introduce purchase limits in affected regions as stocks dwindle
““If nothing comes, I have nothing to sell,” he tells the Guardian.
Da Silva, who runs Mount Isa’s Foodworks, is far from the hardest hit by the crippling grocery shortages that followed the rising waters across south-east Queensland and northern New South Wales.
But his situation is an indication of just how devastating the floods have been to the state’s supply chains. It also shows the fragility of a system still deeply reliant on key transport links to the south-east.”
https://www.theguardian.com/australia-news/2022/mar/02/nothing-to-sell-queensland-and-nsw-flood-waters-hit-supermarket-grocery-supplies
Don’t look good for those who need meds or will die.
My late cousin was type 1. I used to do his blood sugars & mix his dose (long & slow acting) & jab him. The insulin had to be kept refrigerated. The last few years he had a nifty blood sugar monitor & insulin pen – more $$$$ & complexity. Type 1 diabetics are at the mercy of a well functioning global civilization. We could produce many of our own meds but it’ll cost.
My cousin was quadriplegic since an accident at 18, 1986. The accident smashed his pancreas & made him diabetic. 3 years ago he was in the hospital for bed sores. He said ‘enough’. “I want to go now”. He said no more meds of any kind & DNR. Only took a few days without insulin.
FamousDrScanlon on Thu, 3rd Mar 2022 12:59 pm
NSW flood: Sydney residents in west and north-west evacuate as Warragamba Dam spills
Warragamba Dam, Sydney’s main reservoir, was spilling at a rate in excess of 70 gigalitres a day on Wednesday after torrential rainfall over its catchment exceeded earlier predictions, according to a NSW government official.
https://www.theguardian.com/australia-news/2022/mar/02/north-west-sydney-residents-told-to-evacuate-as-heavier-rain-predicted-for-thursday
More 20th century infrastructure that can’t manage your new vlimate & weather.
FamousDrScanlon on Thu, 3rd Mar 2022 3:42 pm
Report: Climate change ‘creating shocks to global trade’
‘Atlas of human suffering,’ IPCC report urges immediate climate action
“Weather-related extremes are creating shocks to global trade,” Debora Roberts, IPCC Working Group II co-chair, said during a press conference about the report, which focused on impacts of climate change in all industry sectors worldwide, as well as potential adaptation strategies.
https://www.freightwaves.com/news/report-climate-change-creating-shocks-to-global-trade
IPCC is a joke. Deniers attacked it for years. It was created so governments & who they represent, could play ‘the authority’ & control the scientists.
Whatever the slow ass, extra conservative, IPCC says about tow bad things are, 99.99% chance it’s much worse.
Dumb fuck deniers cried ‘alarmist’ for 3 decades. The exact opposite is true. No human group has ever spoke as cautiously & conservatively as scientists do – yes there are exceptions – corrupt scientists. Mostly in science pertaining to pharma, agriculture & human nutrition. Big money shit.
Whenever a scientist like, an astronomer gets caught cheating & lying it’s ego. Advance their career, not part of an alien invasion super plot.
Climate Scientists Erring on the Side of Least Drama
https://skepticalscience.com/climate-scientists-esld.html
Not just climate scientists. Science is inherently conservative.
It’s by design. The scientific method is anti alarmist, anti emotive, anti rhetoric.
This is why you tribal chimps find it boring. You can’t live without chimp drama. You evolved to pay close attention to it.
I’d guess the work place or school comes closest to the tribal life (250 or less) we’ve spent all but the last 5500 years living in.
You were born for chimp gossip. Science is the anomaly.
Many scientists test at average intelligence. It’s the work. Most find it boring as hell.
Bernhard on Fri, 4th Mar 2022 9:26 am
‘Surprise’ US didn’t ‘dramatically reduce by now eighter’, but ‘at least we are Hypockrats…’