Tag Archives: Insurance

Iran exported 2.5 million barrels of oil per day in recent months.

The U.S. has undertaken several initiatives to improve the regulatory process for approval of LNG exports.

Iran has started to offer cargo insurance and tankers operated by Iranian companies in a bid to continue to sell its oil to the major buyers.

Beijing has repeatedly defended its energy trade with Tehran. worth about $1.5 billion a month.

Russia has been subject to Western sanctions since its 2014 annexation of Ukraine´s Crimea region.

Iran’s key customers in Asia—no.1 China and no.2 India—are not expected to cut off their imports of Iranian oil.

With US rig activity stalling and Iran sanctions looming. the oil market outlook is tightening.

The moves by the two top buyers of Iranian crude indicate that Iran may not be fully cut off from global oil markets from November.

The July program takes Iran exports so far this year to 3.71 million mt. according to shipping fixtures.

Iran is keen to keep its single biggest oil customer—China—when U.S. sanctions on Iranian oil exports kick in later this year.