Iranian Oil Exports Fell By 90 Kb/D To 1.8 MB/D In October - IEA Report

Iran's oil exports fell by 90,000 barrels per day to 1.8 million barrels per day in October, with exports to China rising to 820,000 barrels, the International Energy Agency (IEA) report showed Wednesday.

MOSCOW (UrduPoint News / Sputnik - 14th November, 2018) Iran's oil exports fell by 90,000 barrels per day to 1.8 million barrels per day in October, with exports to China rising to 820,000 barrels, the International Energy Agency (IEA) report showed Wednesday.

"During October, shipments of Iranian oil fell 90 kb/d to 1.

8 mb/d with waiver countries - China, India, Korea, Turkey, Japan, Italy, Greece and Taiwan - loading more than 70% of the volume, according to Kpler data. South Korea, France and Japan's shipments were down to zero ... India, Iran's second biggest lifter, cut back to about 310 kb/d. Exports to top buyer China, however, rose to 820 kb/d," the report read.

On November 5, US sanctions on Iranian oil imports were reinstated, but Washington granted temporary exemptions to eight importers of Iranian oil.