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Iranian oil stopped at sea with low demand


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Iranian oil stopped at sea with low demand

Post by rocky on Thu 13 Sep 2018, 7:01 am

[size=32]Iranian oil stopped at sea with low demand

- 1 Minute Ago
Two tankers carrying Iranian capacitors, a kind of very light crude, have been standing off the UAE for about a month as demand for oil falls ahead of US sanctions, Reuters reported.
The two carriers, which together carry about 2.4 million barrels of South Pars condensate, have been off the coast of the UAE since August after South Korea stopped imports from Iran while Chinese demand fell during the summer, according to industry sources and shipping data.
The data also showed that the number of ships loaded with Iranian oil and anchored off the loading port on the island of Kharj and Sorush oil field also rises with the decline in the number of buyers of Iranian crude.
Three giant tankers capable of carrying two million barrels have been in place for 10 days or more while waiting
Four other less than a week ago.
US President Donald Trump announced in May his country's withdrawal from the nuclear deal signed in 2015.
In August, Washington announced a series of sanctions on Tehran and a second series is expected to hit the oil sector in November.
Middle east

    Current date/time is Tue 18 Sep 2018, 6:24 pm