INSUBCONTINENT EXCLUSIVE:
beginning of the year, Bloomberg reported on Monday citing TankerTrackers data.It was already known that Iran's shipments were surging,
but the data for August would represent a marked leg higher if maintained for the remainder of the period
The flow rate for the past 28 days shows shipments running at a rate of 2.1 million barrels a day, the Bloomberg report said.As reported,
exporters.Bloomberg added that the increase in Iran's shipments will boost global supply when Saudi Arabia and Russia curb output.Earlier
during the January-July 2023 period at 917,000 bpd on average.Iran has been ramping up oil exports this year as it becomes more
shipments to the Asian country.According to the data analyzing firm, Iranian crude exports to its major trade partner have been hovering
around one million bpd in 2023, while the figure was roughly 325,000 bpd in 2020.Also, the International Energy Agency (IEA) in a recent
restrictions, Iran managed to increase its crude oil production by about 140,000 barrels per day in 2022 to an average of 2.5 million
It seems that Tehran has maintained its crude sales to China, which has been around one million barrels per day since the third quarter of
in coming months, Emma Li, an analyst with data intelligence firm Vortexa Ltd told Bloomberg that month.While Iranian oil has long been
sanctioned by the United States , refiners in China have proved to be a consistent outlet.Most Iranian oil used to go to state-owned
