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Iran is shipping the most crude in almost five years

A catch-up with this Bloomberg (gated) piece on Iranian oil exports:Exports have surged to the highest level since US sanctions were re-imposed in 2018vast majority is flowing to ChinaBloomberg cite various analysts:Crude oil shipments have doubled since last autumn to reach 1.6 million barrels a day in MayProduction has hit 2.9 million barrels a day, the highest since late 2018This adds to flows from other sanctioned states such as Russia and Venezuela, all increasing global supply and a headwi... Read More

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Iran

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Forex

Posted: Jun 19 2023, 00:55

Author Name: forexlive

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