Iran could challenge US crude oil plans

While the US is planning to ease its grip on the country's crude oil exports, a new rival has entered the field. Iran is now selling cheaper high quality oil to China, leaving little room for the US, according to Reuters.
BY KATRINE GRØNVALD RAUN

The US is slowly loosening its grip on the 40-year ban against crude oil exports. But the Americans could face an unexpected rival in Iran, which after being - and still being  - subject to sanctions from the West, is currently selling cheap high quality oil to the Chinese.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading