India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a waiver of US sanctions past early May, two sources in India with knowledge of the matter said.
China plans to remove import and export tariffs in 2019 on a range of goods, including import taxes on alternative meals used in animal feed, to secure supplies of raw materials amid trade tensions with the United States and boosting outbound cargoes.
Indonesia is expected to post a smaller trade deficit in November compared with a month earlier, a Reuters poll showed on Friday, in a relief to the central bank which has been raising rates to defend the rupiah.
Tea producers and exporters, after a dip in tea prices of more than seven percent, anticipate a rebound in demand for the orthodox tea variant as well as price recovery for exports to Iran after the US decided to exempt India from trade sanctions on the West Asian country.
China’s Sinopec, the world’s biggest refiner by capacity and throughput, is discussing “special arrangements” on the flow of Iranian oil ahead of US sanctions which are to go into effect on November 4.