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Iran’s Crude and Condensate Exports Fell MoM in July

OIL

Iran’s crude and condensate exports stood at 1.14mbpd in July, down from a revised 1.33mbpd in June, Bloomberg tanker tracking data showed.

  • Total shipments stood at 35.3mn barrels on 13 VLCCs, 8 Suezmaxes and 2 Aframaxes, compared with 40mn barrels on 25 tankers in June.
  • Many ships are identified as carrying oil of Iranian origin because of where they appear to have taken on cargoes from unidentified vessels by STS transfer.
  • Iran’s daily crude oil output has risen to 3.1mbpd, a member of the Iranian Parliament’s Energy Commission Hossein Hosseinzadeh said last weekend, while Iran's Oil Minister Javad Owji said earlier in July that crude oil production stood at 3.07mbpd.
Energy BulletsCommodities
Energy BulletsCommodities

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