Iran’s crude and condensate exports rose slightly in August as lower deliveries from key competitors like Saudi Arabia and Iraq meant there was more demand for crude from some of Iran’s main buyers.
Total estimated export volume on Aframaxes, Suezmaxes and VLCCs from Iranian ports in August rose almost 2.5% to 2.42 million b/d from 2.37 million b/d in July, according to data from Platts trade flow software cFlow.
Exports to Asia fell to 1.46 million b/d in August from 1.55 million b/d in July, with demand from key customer India down sharply, although flows to China continued to rise.
Europe’s share of Iranian exports grew sharply, with demand from Italy, France, the Netherlands and Greece all up, while Turkey remained a key buyer too.