Insurance news from Iran shows crude exports rising

Iran Oil Insurance industry News

Despite Western sanctions there has been an increase of approximately 70,000 barrels per day (bpd). The October insurance news out of Iran has shown that even though the American and European Union sanctions are still in place against covering oil exports from Iran, their exports still increased by about 70,000 barrels per day, reaching 2.7 million bpd that month. This shows that the Western bans are not having the intended impact on the country. Over the two previous months, the Iranian crude exports spiked to 1.3 million bpd from having…

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Iran oil insurance news shows massive reductions from Asian buyers

International Insurance fund news

The country’s leading importers from Asia have reduced their shipments by 18 percent. The latest insurance news regarding the EU and U.S. embargo on Iranian oil has shown that the top Asian buyers of that country’s crude have cut their imports by approximately 18 percent, reducing the shipments to those nations by over a quarter of a million barrels every day within the year’s first five months. The American sanctions became effective Thursday and the European Union’s will be on Sunday. The majority of the exports from Iran are shipments…

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