Iran crude oil exports to hit 4-month low in November
Iran’s crude oil exports are set to decline 5 per cent in November to a four-month low, a source with knowledge of its preliminary tanker schedule said, as low seasonal demand in Europe takes the edge off its post-sanctions export bonanza. Iran’s oil exports typically hit a low around October or November each year, reflecting peak refinery maintenance seasons in Europe and in Asia. Next month, however, shipments to Asia look to be steady to higher as China’s purchases rebound from an October dip to its lowest Iran imports for the year so ...
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