Iran Oil Sales: Calm Before The Storm?

• Imports of Iranian oil slipped to an 8-month low in September as three of Iran’s ‘big-four’ Asian customers cut purchases month-on-month. Buying appears to have stayed low in October – a typically slow month for Iranian oil sales in recent years – with the onset of the Asian refinery maintenance season.

• Sales of Iranian crude oil and condensate stood at 1.17mn b/d in September, according to latest official customs figures, down slightly from 1.18mn b/d in August and 1.28mn b/d for the first half of the year. Volumes were hit as increased intakes from South Korea failed to make up for weaker buying from Iran’s three biggest traditional buyers: China, India and Japan. Together, the three imported 128,000 b/d less Iranian oil in September versus August.


DON'T HAVE AN ACCOUNT?


NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?

By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.

UPGRADE