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Iran Export 1.43 Mbd of Crude August: Kpler
In August, Iran's oil exports increased by 400 kbd m/m to reach 1.43 Mbd, resembling Q2's average exports.
- Exports have risen but remain well below pre-sanction levels of 2.2 to 2.5 Mbd.
- China has received 90% of year to date exports
- 14.5 Mbbls in Iranian floating storage were discharged to China in August.
- Kpler does not foresee any major upside for exports except for about 200 kbd in September and October due to seasonal refinery maintenance.
- See chart for Iran floating storage drawdown from Kpler.
source: Kpler
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.