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Iran Oil Flows Fell Sharply Last Month, Satellites Watcher Says
Iran’s oil exports dropped for a second month in October, data from a firm that analyzes satellite imagery of tanker movements show. The Persian Gulf state loaded 1.43 million barrels a day of crude and condensate onto tankers last month, according to data provided by TankerTrackers.com Inc. That was a dip of 194,000 barrels a day from September and the lowest since July. Keeping track of Iran’s oil exports is uniquely challenging because of widespread switching off of transponders that feed the shipping industry’s conventional tracking systems. TankerTrackers bolsters its analysis of flows by studying ... (full story)