In September, export of oil from Iran decreased by 450 thousand barrels per day compared to the level before the introduction of US sanctions and amounted to 1 million 700 thousand barrels per day. This calculation was provided by the Norwegian consulting company Rystad Energy. In October, the supply of Iranian oil continued to decline. According to ship statistics in the Refinitiv Eikon terminal, during the first week of the month, Iran delivered only 1 million 100 thousand barrels of oil per day. Tankers were sent to China, India and the Middle East, and not one of them was sent to Europe. Rystard expects that the sanctions will lead to a decrease in oil exports from Iran by 900 thousand barrels per day or even more.
Oil hikes after Trump says Saudi, Russia likely to resolve price war01.04.2020
Oil prices drop as U.S. inventory build-up, OPEC rift stresses market31.03.2020
U.S. and Russia agree to talks, Oil prices rebound after 18-year lows30.03.2020
Crude oil futures decline as coronavirus pandemic furthers weak demand outlook