Shipments have dropped from at least 2.5 million bpd in April 2018, the month before U.S. President Donald Trump withdrew the United States from a 2015 nuclear deal with Iran, Reuters reported.
Iran’s export levels have become more opaque since U.S. sanctions on the country’s oil sector took effect in November, although estimates of March supplies are falling into a narrower range than in previous months.
Kpler, a company that tracks oil flows, said Iranian shipments so far in March had dropped sharply to 1.03 million bps from 1.44 million bpd in February.
“Iranian crude loadings have struggled through the first half of March,” Kpler said in a report, although it said exports would rise closer to 1.3 million bpd in the rest of March.
