Iran oil exports increase despite renewed US sanctions — report

Despite renewed US sanctions on Iran, the Islamic Republic’s oil exports have risen in the first 1.5 months of 2019 and have been higher than expected, the Reuters news agency reports, citing tanker data and industry sources.

Shipments averaged between 1.1 and 1.3 million barrels per day (bpd) in January, higher than was first thought, the report says.

So far in February, they have been at 1.25 million bpd, it adds, citing data from Refinitiv Eikon.

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