January 29, 2016

WINNING THE WoT:

Iran crude exports hit two-year high, up more than 20 percent for Jan-Feb (OSAMU TSUKIMORI AND AARON SHELDRICK, 1/29/16, Reuters)

Iran's oil exports are on set to rise more than a fifth in January and February from last year's daily average, data from a source with knowledge of its loading schedules shows, revealing how Tehran is ramping up sales after the lifting of sanctions.

The data is the first sign of a resurgence in crude shipments as the OPEC producer begins to raise output and clears out oil that has built up in offshore storage over the past four years of curtailed participation in world markets.

Posted by at January 29, 2016 5:44 PM

  

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