with the decline in the need for imports and continued worries about the quality of crude.

The uneven quality of Basra’s Light crude is considered the main export of Iraq's crude which is a concern source for buyers as China's growth in demand is slowing down, allowing oil companies for the freedom to select their purchases from international suppliers.

Oil prices have fallen about 40 percent since June amid an abundance of global supply and a slowdown in demand producers, which displays pressure as consumers enjoy now more choices and lower cost.

Victor Shum , advisor at IHS "There is a lot of competition on the supply. China has much to choose from”.