A Panamanian tanker docks at the platform of the oil facility in Khark Island, on the shore of the Gulf, March 12, 2017. (AFP)

February 23, 2021

Iranian crude oil exports have fallen in February by about 250,000 barrels per day, tanker tracker Petro-Logistics said Tuesday, suggesting a jump in shipments has run out of steam.

The OPEC member’s oil exports climbed in January after a boost in the fourth quarter, despite U.S. sanctions, in a sign that the end of Donald Trump’s term as U.S. President may be changing buyer behaviour.

But Geneva-based Petro-Logistics, which assesses the exports by tracking tanker shipments, told Reuters that shipments had fallen to levels seen in November and December, “before the surge in January.”

Petro-Logistics on Jan. 26 said Iranian exports were set to exceed 600,000 bpd in January for the first time since April 2019, after rising by 100,000 bpd in the fourth quarter.

The company did not give an updated figure for January shipments on Tuesday.

Reuters

About Track Persia

Track PersiaTrack Persia is a Platform run by dedicated analysts who spend much of their time researching the Middle East, in due process we fall upon many indications of growing expansionary ambitions on the part of Iran in the MENA region and the wider Islamic world. These ambitions commonly increase tensions and undermine stability.