Iran exported $36 billion of crude oil in the last Iranian calendar year (ended March 19, 2024), the head of the Islamic Republic of Iran Customs Administration (IRICA) said.
S.Korea imports no Iran crude oil for October and a year ago, preliminary data from Korea Customs Service showed on Monday.
The value of trade between Iran and China reached $5.5 billion in the first five months of 2021, registering a 14-percent decline compared to the figure for the previous year’s same period.
Oil prices slipped on Tuesday as investors remained concerned about climbing coronavirus cases globally, but expectations of a drawdown in crude oil inventory in the United States for a fifth straight week kept losses in check.
An oil tanker owned by a China-based shipping company has recently gone dark for more than a month, reappearing under a different name in what could be an effort to skirt U.S. sanctions on Iran’s oil exports, Reuters reports, citing ship-tracking data.
Oil prices rose on Monday amid high tensions in the Middle East after a British tanker was seized by the Iranian military at the end of last week.
Senior US administration officials have reportedly accused China of having defied US sanctions when it imported more than a million barrels of crude oil from Iran last month.
Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and as Saudi Arabia pledged to keep markets balanced.
Oil slipped on Tuesday, pulled down by record Saudi Arabian production even as OPEC’s top producer pushes for supply cuts ahead of the group’s meeting in Austria next week.
Iran sold 700,000 barrels of crude oil to private companies for export on Sunday in a second round of sales aimed at countering U.S. sanctions on the country's exports, oil ministry news website reported.
