Iran’s Collapsing Oil Exports Squeeze Global Refiners And Threaten Hormuz Disruption
11 Articles
11 Articles
Iran ' s crude oil charges to the tankers fell to zero last September, after reaching some 250,000 barrels per day in Abb, in the most recent indication of the extent to which the United States naval blockade of Tehran ' s vital access to energy markets was narrowed.
Iran’s Collapsing Oil Exports Squeeze Global Refiners And Threaten Hormuz Disruption
China’s rebounding crude demand is running headlong into a sharp decline in Iranian oil supplies, creating intense competition for replacement barrels across global markets. Independent refiners, who had grown reliant on deeply discounted Iranian crude, are now being forced to seek out costlier long-haul alternatives from other producing regions. The shift is hitting profit margins […]
In September, Iran did not load any tankers with oil, the first such incident since the outbreak of the conflict between Tehran and Washington, reporting Bloomberg with reference to its own data.
(Cairo=Yonhap News) Correspondent Kim Sang-hoon = Bloomberg reported on the 1st (local time) that Iran was unable to load any crude oil onto tankers last month due to the aftermath of the U.S. naval blockade.
The US Treasury Secretary claimed that Iranian crude tanker shipments were zero in September, attributing the development to the campaign…More...
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