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Wednesday, 25 January 2017

Europe Chomps Most Iran Oil in Years With Supertankers Due in Days - Bloomberg

Europe Chomps Most Iran Oil in Years With Supertankers Due in Days - Bloomberg:

"Europe is poised to receive the most Iranian crude in about five years this month in a sign that the Persian Gulf nation may be regaining its share of a market it had lost to sanctions. Arrivals on supertankers will reach 622,581 barrels a day in January, the biggest flows for a single month since at least November 2011, according to ship-tracking and European Union data compiled by Bloomberg. Two Iranian supertankers -- Huge and Snow -- are en route, bringing about 4 million barrels between them. Sanctions halted all deliveries back in 2012 and they only restarted early last year as the measures were eased."



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