•  Key buyers of Iranian oil continue to purchase significant quantities. After dipping slightly in September, imports of Iranian oil appear to have rebounded in October and early indicators are that volumes are remaining high in November, albeit down around 5%. NIOC head Ali Kardor puts current exports at above 2.44mn b/d.

•  Chinese purchases fell to 491,000 b/d in September, their second lowest of the year. Following as it does from a near-record 744,000 b/d in...