New shipping data show that despite a surge in oil loadings from its Persian Gulf terminals over the past two months, Iran has faced difficulties in getting its crude to Chinese buyers, resulting in a large buildup of Iranian floating oil storage near Chinese waters. Data from the commodity analytics firm Kpler indicate that over
Iran Increases Floating Oil Storage Amid Difficulty in Deliveries to China Read More »
The US announced sweeping sanctions on Iran’s LPG shadow fleet last month, bringing the total of Iran-trading LPG carriers designated by Ofac to over 40%. Whether that impacts Iran’s LPG supply chain remains to be seen Loading of Iranian-origin liquefied petroleum gas exceeded 800,000 tonnes in October, capping a third consecutive month of declines but
Iran’s sanctioned LPG fleet swells in October but impact remains to be seen Read More »
Dalga Khatinoglu Oil, gas and Iran economic analyst Tehran is shifting its sanctions-busting strategy away from crude oil toward more lucrative and less scrutinized petroleum products to boost revenues even as restrictions tighten. Iran’s oil and petroleum product revenues jumped 16 percent to almost $66 billion in the fiscal year ending March 2025, according to
Iran bets on petroleum products for sanctions-busting profits Read More »
ByDalga Khatinoglu After Turkey signed several long-term contracts for U.S. liquid natural gas (LNG) imports, Reuters reported that Russia and Iran’s share of Turkey’s gas market is increasingly at risk – especially as Ankara’s gas purchase contracts from the Blue Stream pipeline in Russia are set to expire within months, while its 20-year gas import deal with Iran will
Are Russia and Iran Losing Turkey’s Gas Market? Read More »
