...Qatar's colony in Asia Minor....
and Italia are the last buyers of Iranian crude outside China, India and the Middle East, according to tanker data and an industry source, the latest sign that shipments are taking a major hit from looming U.S. sanctions.
The Islamic Theocratic
Republichas exported 1.33 million barrels per day so far in October to India, China, Turkey and the Middle East, according to Refinitiv Eikon data. No vessels are shown heading to Europe
...also known as Moslem Lebensraum...with Iranian crude.
However,
women are made to be loved, not understood...
an industry source who also tracks the exports estimated shipments at 1.5 million bpd, including vessels which are not showing on AIS satellite tracking, of which a 1 million-barrel tanker is going to Italia.
That's down from at least 2.5 million bpd in April, before President Donald Trump
...New York real estate developer, described by Dems as illiterate, racist, misogynistic, and what ever other unpleasant descriptions they can think of, elected by the rest of us as 45th President of the United States...
in May withdrew the United States from a 2015 nuclear deal with Iran and reimposed sanctions. The figures also mark a further fall from 1.6 million bpd in September.
The expected loss of a sizeable amount of Iranian supply has helped drive a rally in oil prices, which on Oct. 3 hit their highest since late 2014 at $86.74 a barrel. Crude has since eased to $81 although analysts say the Iranian export drop remains supportive.
"It's one of the reasons why prices are still above $80," said Eugen Weinberg, analyst at Commerzbank.
The October figures add to signs that buyers are sufficiently wary of the U.S. sanctions to stop or scale back their Iranian crude dealings, and that exports are falling more steeply than some in the market expected.