Asias Oct imports of Iranian oil more than double from year ago

Iran's top four Asian buyers, China, India, South Korea and Japan, imported 1.99 million barrels per day (bpd) last month, up 147.9 percent on year, government and ship-tracking data showed, marking the highest volumes since at least 2010, according to data by International Energy Agency.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » World News

Nov 30, 2016, 02.54 PM | Source: Reuters

Asia's Oct imports of Iranian oil more than double from year ago

Iran's top four Asian buyers, China, India, South Korea and Japan, imported 1.99 million barrels per day (bpd) last month, up 147.9 percent on year, government and ship-tracking data showed, marking the highest volumes since at least 2010, according to data by International Energy Agency.

Like this story, share it with millions of investors on M3

Asias Oct imports of Iranian oil more than double from year ago

Iran's top four Asian buyers, China, India, South Korea and Japan, imported 1.99 million barrels per day (bpd) last month, up 147.9 percent on year, government and ship-tracking data showed, marking the highest volumes since at least 2010, according to data by International Energy Agency.

Post Your Comments

Share Cancel

Asias Oct imports of Iranian oil more than double from year ago
Imports of crude oil by Iran's four major buyers in Asia in October more than doubled from a year ago as the producer continued to recoup market share lost under sanctions, pushed higher as the two biggest buyers India and China each took in nearly 800,0000 barrels per day. Iran's top four Asian buyers, China, India, South Korea and Japan, imported 1.99 million barrels per day (bpd) last month, up 147.9 percent on year, government and ship-tracking data showed, marking the highest volumes since at least 2010, according to data by International Energy Agency.

The volumes were in line with the OPEC member's crude oil and condensate export plans. Tehran has been battling to raise its output and export levels since economic sanctions targeting Tehran's disputed nuclear programme were lifted in January.

Japan's trade ministry on Wednesday released official data showing its imports rose 32.1 percent from a year earlier to 202,000 bpd in October.

India's imports grew more than fourfold from a year earlier to 789,100 bpd, the highest in at least 15 years, and topping China's imports of 773,860 bpd, which were more than double from a year ago. Imports by third-biggest buyer South Korea rose 73.2 percent.

Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a deal to limit output and boost the price of crude when it meets on Wednesday.

Buy, Hold, Sell ? Hear it first on M3
Asias Oct imports of Iranian oil more than double from year ago

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login