Iran crude oil exports up 20% for Jan-Feb

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - Reuters is reporting that Iran’s oil exports are set to rise almost 20% in January and February on a annualized basis.

    According to the data on Iran's preliminary tanker loading schedules, overall exports will total around 1.44 million barrels a day (bpd) in February and about 1.5 million bpd in January. This would be more than 20% higher than Iran's average daily exports last year, with the loadings this month at the highest since February 2014.

    Iran is targeting India, Asia's fastest-growing oil market. India will load more than 300,000 bpd in February, up from 183,000 bpd in January, according to the data.
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