Iran Begins to Draw From Floating Oil Storage
Nation has struggled to unload its crude production amid low global prices/ LONDON—Iran has started drawing on oil reserves in floating storage, according to ship-tracking data, a move which could mark a turning point for the country this year. The data from Marine Traffic show a 1.4 million-barrel overnight decline on the Iranian floating storage tanker Hilda. Iran boosted its oil production after international sanctions against the nation were removed early this year as part of a nuclear deal with...
Click
To Read Full Article