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Market News Topics
July 03, 2023 14:23 GMT
Iranian Crude/Condensate Exports ~1.35mn bpd June: Kpler Prelim Figures
OIL
Kpler preliminary estimate for Iranian crude/condensate exports in June is 1.35mn bpd down from 1.48mn bpd in May.
- Numerous vessel tracking agencies had placed May flows at around 1.5-1.6mn bpd a five-year high, stoked by demand from China.
- The high pace of exports has heavily drawn down crude/condensate stockpiles in Iran.
- Iranian crude production was ~3mn bpd last month based on numerous agency estimates – the highest since late 2018.
- TankerTrackers preliminary figures recorded 51 tankers departing Iran during June 2023 and only two of them (both Iranian) were not spotted by satellite imagery but did appear on AIS after departure.
To read the full story
Close
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.
Sign up now for free trial access to this content.
Please enter your details below.
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.
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