All tagged NITC

Iran’s Oil Exports May Be More Resilient Than Headlines Suggest

◢ Iran is resorting to “Houdini tricks” to sustain oil exports as US sanctions loom and new data suggests the magic might be working. While S&P Global Platts has reported Iran’s September exports at about 1.7 million bpd, marking an 11 percent decline from August, data from TankerTrackers.com, puts the export volume at just over 2 million bpd. The divergence in the datasets represents not merely 300,000 bpd, but also the difference between two narratives about the state of Iran’s exports in the face of returning US sanctions.