Aug
28
Iran’s Oil Exports Dropping Faster Than Expected Before U.S. Sanctions
ByShipments are set to decline by a third as shippers pull back from the Islamic Republic months ahead of a Nov. 4 U.S. deadline
Iran oil shipments are declining at a faster-than-expected pace ahead of U.S. sanctions set to begin in November.
Iran expects crude exports to fall by a third in September, according to people familiar with purchasing plans, potentially posing an unforeseen supply risk to markets. Officials at the state-run National Iranian Oil Co. provisionally expect crude shipments to drop to about 1.5 million barrels a day next month, down from about 2.3 million barrels a day in June, say people familiar with the country’s ports loading…
Iran’s Oil Exports Dropping Faster Than Expected Before U.S. Sanctions
