Iran hit by Indian crude purchase cuts
Progress in nuclear talks could unleash Iranian exports/ The amount of Iranian oil stored on tankers is rising. At 4.4m tonnes, or close to 37m barrels, this is the most — aside from September — that has been held offshore since August 2013, according to EA Gibson Shipbrokers. The increase reflects Iran’s difficulty in finding buyers for it oil. Exports of crude and condensates weakened to 1.12m barrels a day in January from 1.35m b/d the month before, consultancy Energy Aspects says. February exports are expected to fall further to 1.03m ...
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