London, 25 August - The threat of US sanctions is already beginning to affect the demand for crude from some of Iran's key customers. According to preliminary tanker tracking data, oil exports from Iran have fallen steeply during the first half of August.
S&P Global Platts trade flow software’s initial estimates show that Iran oil crude and condensate exports have fallen to 1.68 million b/d in the first 16 days of August, which is down over 600,000 b/d from loadings in July.
Platts cFlow software estimates show that this compares with exports averaging 2.32 million b/d in July as a whole, and 2.10 million b/d in the first 16 days of August. These preliminary numbers show key buyers of Iranian oil are beginning to cut back before US sanctions against Iran's oil sector go in to effect, sources said.