Iran Oil Exports to Rise Slightly in February

By John Lee.

Iran’s exports of crude oil and condensate are reportedly expected to increase slightly to just over 2.20 million bpd in February, up from 2.16 million bpd in January.

But according to a report from Reuters, this is the lowest rate since July, and considerably below the high of nearly 2.6 million bpd achieved in September, suggesting that Iran has had difficulty finding more buyers for its oil.

Iran was exempted from the production cuts agreed by the Organization of Petroleum Exporting Countries (OPEC) and other exporters last November.

(Source: Reuters)

(Picture: Tasnim)

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