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In September, export of oil from Iran decreased by 450 thousand barrels per day compared to the level before the introduction of US sanctions and amounted to 1 million 700 thousand barrels per day. This calculation was provided by the Norwegian consulting company Rystad Energy. In October, the supply of Iranian oil continued to decline. According to ship statistics in the Refinitiv Eikon terminal, during the first week of the month, Iran delivered only 1 million 100 thousand barrels of oil per day. Tankers were sent to China, India and the Middle East, and not one of them was sent to Europe. Rystard expects that the sanctions will lead to a decrease in oil exports from Iran by 900 thousand barrels per day or even more.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
Oil prices gained for the third day on Tuesday, supported by a bounce in demand from efforts to lift the U.S. economy as it struggles to recover from the coronavirus pandemic. Prices were also buoyed by a weakening dollar, making it ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
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