Asia Cuts Imports of Iranian Oil

By John Lee.

Reuters reports that Asian imports of Iranian oil fell to the lowest level in two years in October.

Iran’s four biggest buyers – China, India, Japan and South Korea – imported 803,674 bpd in October, the lowest since October 2013, and down 8.5% from a year ago.

The figure had reaching a peak of 1.205 million bpd in May and had held steady at about 1.02 million bpd since July.

(Source: Reuters)

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