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[quote=Anonymous][quote=Anonymous]Wonder how much the price of oil has gone up in China given than Iran and Venezuela were 17% of China's supply. [/quote] Oil is a commodity. The price rise for everyone unless the oil is coming from a country under sanctions(like Russia). Then it is bought for a discount of 15-25%. China buys a lot of Russian oil at 25% discount. Here is their oil supply. Notice they are receiving Venezuela oil still. Top Oil Suppliers to China (Approx. 2024-2025 Data) Russia: Largest supplier, ~2.17 million barrels per day (bpd) (2024). Saudi Arabia: ~1.5 - 1.6 million bpd. Iran: ~1.1 - 1.9 million bpd (often mislabeled/hidden in customs data). Iraq: ~1.1 - 1.3 million bpd. Malaysia: Significant transshipment hub for Iranian oil, ~31B in value (2025). Brazil: ~6% of total imports. Angola: ~5% of total imports. Venezuela: ~2-6% (often labeled as other origins)[/quote]
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