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August 29, 2018       Share:    

Source: https://www.google.co.il/search?q=Iran%E2%80%99s+Oil+Exports+Dropping+Faster+Than+Expected+Before+U.S.+Sanctions&rlz=1C1EJFA_enIL770IL770&oq=Iran%E2%80%99s+Oil+Exports+Dropping+Faster+Than+Expected+Before+U.S.+Sanctions&aqs=chrome..69i57j69i60l2.2202j0j8&sourceid=chrome&ie=UTF-8

Iran's Oil Exports Dropping Faster than Expected before U.S. Sanctions

(Wall Street Journal) Benoit Faucon - Iran oil shipments are declining at a faster-than-expected pace ahead of U.S. sanctions set to begin in November. Officials at the state-run National Iranian Oil Co. expect crude shipments to drop to 1.5 million barrels a day in September, down from 2.3 million in June. Sara Vakhshouri, a former National Iranian Oil Co. market analyst, said she expects Iran's crude exports to drop to 800,000 barrels a day in November. Iranian oil exports to Europe and India have halved in recent months and, in August, fell by 25% in China. The developments reflect in part a reluctance of tanker companies to ship Iranian oil.

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