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Iran's crude oil exports drop to 300k barrels/day: sources

Crude Oil - Pexels - Frans Van Heerden
Courtesy of Pexels - Frans Van Heerden
Iran's crude oil exports dropped to 300,000 barrels a day or less since the beginning of June since the US has toughened sanctions on Tehran's main source of income, according to sources.

Iran had exported about 300,000 barrels per day in the first three weeks of June, sources from oil sector told Reuters. However, data from Refinitiv Eikon which monitors oil flows, said that the Iranian crude oil shipments amounted to only about 240,000 barrels per day.

"It is a very low level of actual crude exports," an exporter said.

On the other hand, Bijan Zanganeh denied the reports concerning a huge drop in the crude oil exports, describing them as "totally wrong." However, he declined to mention any figures about the exportation current condition, saying that it will not serve their interests to mention any numbers.
Last Modified: Tuesday، 25 June 2019 01:13 AM