Iran Sees Oil Export Uptick
Iran’s crude oil exports edged up 10% in September from a 33-year low of 900,000 b/d in August. MEES estimates Iran production hit its lowest level of 2.5mn b/d in July and then climbed to 2.65mn b/d in August and to 2.75mn b/d in September (MEES, 5 October). September’s higher exports came on a slight rise in Chinese imports and the restart after a two month halt of South Korean oil trade with Iran. Overall Korean imports from...
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