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Iranian Floating Storage Falls on China Demand

OIL

As of 19 June, Iranian crude/condensate in floating storage is assessed at 37.8mb, a mix of 45% condensate and 55% crude according to Vortexa.

  • Iranian floating storage is 5.7mb lower than in January due to record volumes heading to China.
  • South Pars Condensate in floating storage is assessed at 16.6mb in June, an 8.2mb decline from January.
  • Iranian crude in floating storage is assessed at 21.2mb in June – a 2.5mb increase from January.

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