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| Syria-Lebanon-Iran |
| Iran’s Asia oil exports skid to lowest since April 2016 |
| 2017-12-30 |
| [PRESSTV] The latest official figures show that imports of Iranian crude oil by major buyers in Asia tumbled 29 percent in November from the same month a year ago to the lowest volumes since April 2016. In total, China, India, Japan and South Korea imported 1.36 million barrels per day (bpd) last month from Iran, Rooters reported quoting government and ship-tracking data. The drop came after imports hit highs earlier this year and last when Tehran ramped up exports after the lifting of sanctions that had targeted its disputed nuclear program. The slowdown had been expected, as oil loadings bound for Asia fell below 1.5 million bpd in October, Rooters quoted a person with knowledge of Iran's tanker schedules. Tehran is pushing to retain its prized Asian customers, hoping price reductions will boost the appeal of its crude compared with other Middle Eastern grades. China, the biggest buyer, purchased 8.8 percent less oil from Iran year-on-year. Meanwhile, ...back at the Council of Boskone, Helmuth had turned a paler shade of blue. Star-A-Star had struck again... India's refiners cut Iranian oil imports by more than half in November, Rooters added, squeezing them to a 21-month low. Imports to Japan were down 19 percent from a year earlier to 193,141 barrels per day, the report added. More than 60% of Iran’s crude oil is shipped to Asian countries and about 40% to Europe. The country continues to retain its major Asian oil customers by offering spot cargoes as it tries hard to regain lost market share since sanctions were lifted last year. |
| Posted by:Fred |
| #2 Watch them long enough and you'll probably find business with the Norks has been brisk. |
| Posted by: gorb 2017-12-30 16:23 |
| #1 lower exports, but at least the price is down too *snicker* |
| Posted by: Frank G 2017-12-30 07:01 |