NOURNEWS- Reuters reported in an unconfirmed report that Iran's oil exports had fallen to their lowest level due to the Corona crisis and the impact of US sanctions. Iran's oil exports averaged 70,000 barrels a day in April, according to the Kepler Oil Information and Tracking Company. The country exported 287,000 barrels per day in March.
At the same time, it is not easy to estimate Iran's oil exports, and Kepler has stated that the actual figure for Iran's oil exports may be around 200,000 barrels per day.
"We've seen a decline in Iranian oil exports as a result of declining Chinese purchases," said Daniel Gerbel, chief executive of Petrolajistix. "Iran's oil exports will not improve in May."
Reducing oil demand due to a government shutdown to prevent the spread of the corona virus and falling oil prices gives buyers more choice, and it has become increasingly difficult to find a customer for the oil that Donald Trump boycotted two years ago.
"It's not easy to find a customer," said Sarah Vakhshuri of SVB International Energy Consulting. "We are currently facing oversupply of oil and there is a lot of cheap oil on the market.
Iran and Venezuela, which are also subject to US sanctions, are forced to compete with discounts offered by other producers, such as Saudi Arabia, for oil.
The official purchase of Chinese oil from Iran has now reached its lowest point. Refinite icon information shows that Syria is still buying Iranian oil, while other Iranian oil shipments have no destination.
TASNIM
NOURNEWS