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Europe Takes First Delivery of Post-Sanctions Iranian Oil

By John Lee. The first tanker to deliver Iranian crude to Europe since mid-2012 has docked at the Spanish port of Algeciras on Sunday, and started to offload its cargo. Carrying 1 million barrels of crude, the Monte Toledo made the journey from Iran in 17 days, according to a report from Bloomberg. The oil […]

Iran to Raise March Oil Exports

By John Lee. Iran is expected to increase its oil exports for March to around 1.65 million bpd, up from 1.5 million bpd in February. According to Reuters, the National Iranian Oil Company (NIOC) is expected to ship around 250,000-300,000 bpd to Europe this month after it finalised term deals with France’s Total (about 200,000 […]