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Iran's crude exports stay subdued in January despite waivers: sources

From reuters.com

Iran will see its crude exports severely curtailed for a third month in January as it is struggling to find new buyers amid fresh U.S. sanctions even though its traditional customers secured waivers, according to tanker data and industry sources. Iran’s crude exports in November plummeted to below 1 million barrels per day, from regular sales of 2.5 million bpd before sanctions were imposed in May, and taking them back to where they stood during the previous round of sanctions in 2012-2016. Buyers said plunging exports in November, which will severely hit the Islamic Republic’s budget revenues, were caused by a total ... (full story)

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