Iran offering fewer crude cargoes to Chinese traders as it prepares for lifting of sanctions: sources

Iran’s state-owned National Iranian Oil Company was offering fewer cargoes to Chinese trading houses as it looks to keep barrels to sell directly to the market ahead of the potential lifting of sanctions, Chinese trading sources who deal with Iranian cargoes said on Feb. 28. “Iran is paving its way back to the market officially, which buyers are eagerly [looking…