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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.
Energy BulletsCommodities
Energy BulletsCommodities

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