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(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.2018-08-29 00:00:00Full Article
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.2018-08-29 00:00:00Full Article
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