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Sources: China keeps on quantities purchased Iraqi crude oil in 2015
wilight News five-informed sources / she said that Chinese oil companies will keep crude quantities purchased from Iraq unchanged in 2015 for the first time in almost a decade with the decline in the need for imports and continued worries about the quality of crude.
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The uneven quality of Basra Light crude, the main export of Iraq's crude source of concern for buyers as demand in China's growth is slowing down, allowing oil companies freedom to select their purchases from international suppliers.
Oil prices have fallen about 40 percent since June amid an abundance of global supply and a slowdown in demand producers, which displays pressure as consumers now enjoy more choices and lower cost.
Said Victor Shum advisor at IHS "There is a lot of competition on the supply. China has much to choose from."
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