Iran Bumps Up Crude Exports To Highest Level In Five Years

Iran

 

Iran’s crude oil exports were 2.11 million barrels per day in August—up 15 percent from July exports, according to Reuters, citing someone with knowledge of Iran’s tanker loading schedule.

The figures lend credence to Iran’s promise to return to pre-sanction production levels, despite the OPEC (and Russia) meeting on September 26-28 in Algiers that many are hoping will end with a production freeze agreement in order to quell the price freefall. Continue reading