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Iran, China And Saudi Arabia — An Oil Markets Love Triangle ‘China wants guaranteed oil supplies…so it’s playing all the countries of the Gulf, to it advantage, It’s like watching a bad episode of Desperate Housewives.’ Arab leaders in Saudi Arabia, the UAE, and Qatar signaled closer ties with Beijing, hinting they’d deliver more oil to energy-hungry Asia if Iran could no longer deliver. Saudi Aramco signed deals with China’s Sinopec, including one for a $10 billion refinery at Yanbu. The UAE and China announced a currency swap for 35 billion yuan, part of a push for broader trade ties.Read more: http://www.businessinsider.com/lara-setrakian-iran-china-and-saudi-arabia—an-oil-markets-love-triangle-2012-1?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=BI%20Select%20Recurring%202012-01-23#ixzz1kQuuSt5n

Iran, China And Saudi Arabia — An Oil Markets Love Triangle

‘China wants guaranteed oil supplies…so it’s playing all the countries of the Gulf, to it advantage, It’s like watching a bad episode of Desperate Housewives.’

Arab leaders in Saudi Arabia, the UAE, and Qatar signaled closer ties with Beijing, hinting they’d deliver more oil to energy-hungry Asia if Iran could no longer deliver. Saudi Aramco signed deals with China’s Sinopec, including one for a $10 billion refinery at Yanbu. The UAE and China announced a currency swap for 35 billion yuan, part of a push for broader trade ties.

Read more: http://www.businessinsider.com/lara-setrakian-iran-china-and-saudi-arabia—an-oil-markets-love-triangle-2012-1?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=BI%20Select%20Recurring%202012-01-23#ixzz1kQuuSt5n


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