Free Trial
BONDS

NZGBs Back The Other Way

NZD

Gains As Equity Rally Continues

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Iranian Crude Market Being Pressured by Discounted Russian Flows

OIL

Iranian oil exports have been falling in recent months according to Bloomberg reports.

  • Iran’s daily crude exports have dipped from a peak of 1 million barrels to an average of 750,000 barrels.
  • Tehran’s sales have been dented by going head-to-head with discounted Russian volumes.
  • Iran is supplying its local refineries with 2.1 million barrels a day of crude oil, meaning the country’s total production is roughly 2.8 million barrels a day the sources said.
74 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Iranian oil exports have been falling in recent months according to Bloomberg reports.

  • Iran’s daily crude exports have dipped from a peak of 1 million barrels to an average of 750,000 barrels.
  • Tehran’s sales have been dented by going head-to-head with discounted Russian volumes.
  • Iran is supplying its local refineries with 2.1 million barrels a day of crude oil, meaning the country’s total production is roughly 2.8 million barrels a day the sources said.