By Nidhi Verma, Siyi Liu and Florence Tan
NEW DELHI/SINGAPORE, June 23 (Reuters) - A temporary U.S. sanctions waiver on Iranian oil sales is unlikely to draw orders from well-stocked Asian refiners, leaving independent Chinese refineries as the main buyer, trade sources and **** ysts said.
The U.S. authorised on Monday the sale of crude, petroleum products and petrochemicals of Iranian origin through August 21, easing decades-old sanctions as it pushes toward a final peace deal with Tehran.
Hit by supply disruptions due to the blockade of the Strait of Hormuz since March, Asian refiners have been aggressively buying oil from the U.S., Russia, Africa and Latin America.
But the U.S.-Iran interim peace deal is reopening the strait and allowing oil stranded for months to exit, weighing on global oil markets. Middle Eastern producers are also now pressuring buyers to lift contracted volumes under annual deals, sources said. [O/R]
NEW DELHI/SINGAPORE, June 23 (Reuters) - A temporary U.S. sanctions waiver on Iranian oil sales is unlikely to draw orders from well-stocked Asian refiners, leaving independent Chinese refineries as the main buyer, trade sources and **** ysts said.
The U.S. authorised on Monday the sale of crude, petroleum products and petrochemicals of Iranian origin through August 21, easing decades-old sanctions as it pushes toward a final peace deal with Tehran.
Hit by supply disruptions due to the blockade of the Strait of Hormuz since March, Asian refiners have been aggressively buying oil from the U.S., Russia, Africa and Latin America.
But the U.S.-Iran interim peace deal is reopening the strait and allowing oil stranded for months to exit, weighing on global oil markets. Middle Eastern producers are also now pressuring buyers to lift contracted volumes under annual deals, sources said. [O/R]
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