Economy Bloomberg 1h ago

Russia and Iran Slashing Prices to China as Oil Piles Up at Sea

Market Intelligence Analysis

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Why This Matters

Russia and Iran are slashing oil prices to China due to increased competition and reduced demand from India, leading to a surplus of oil at sea.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Russian and Iranian oil producers are offering deepening discounts as they compete for the same limited group of Chinese buyers after India retreated from purchases.

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Original article published by Bloomberg on February 25, 2026.
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