Tracking data from oil tankers shows Iran’s exports of new oil cargoes have effectively stopped, while crude oil exports from the region’s Arab countries in the final week of September have gone beyond the pre-war level.
Kpler data shows the region’s average crude oil exports in September were 16.5 million barrels per day, reaching 19.5 million barrels in the final week; higher than roughly 17 million barrels before the war.
Meanwhile, no new cargoes have been loaded at Iran’s terminals since mid-August, and no Iranian oil cargoes have crossed the U.S. blockade line since mid-July. TankerTraks has also reported the halt in Iran’s oil loading.
Hamayun Faleshkahi, senior analyst at Kpler, told Iran International that Iran has been forced to cut production to about 1.8 million barrels per day—nearly half of the pre-war level—and that more than 15 million barrels of remaining oil in Asia waters had already been sold earlier.
Total exports of crude oil and petroleum products from the region in the final week of September reached 22.4 million barrels per day; 900,000 barrels less than the pre-war level.
Read the full report on the Iran International website
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