Iran Oil Exports to China Shrink ...Middle East

Crude oil exports from Iran to its biggest buyer, China, shrank last month on tighter U.S. sanctions and refinery maintenance, Bloomberg has reported, citing data from Vortexa. Per that data, Iran shipped a little over 1.1 million barrels of crude to China daily, which was 20% lower than export flows in May 2024. Compared to April, the May figure is around 400,000 bpd lower. The data is not entirely certain, however, as tankers carrying Iranian crude abroad use a variety of moves to mask their origin and route. Kpler recently reported that a growing…

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