OPEC Crude Output Falls to Lowest in Decades as US Blockade Slashes Iran Exports
OPEC crude output fell in May to its lowest level in decades as the US blockade of Iran and disruption in the Persian Gulf continued to curb production. The decline marks an escalation from Iran’s export slump into a broader reduction in supply from the producer group.
Shipping data compiled by Vortexa showed Iran exported 209,000 barrels a day of crude oil and condensate in May, down from 1.34 million barrels a day in April and nearly 1.9 million in March, while Kpler estimated 260,000 barrels a day. Earlier shipping estimates showed Iran’s crude exports were down 84% from April and 87% below the previous 12-month average, the lowest in at least six years, with tens of millions of barrels stranded and shipments shifting toward smaller tankers as larger vessels became easier to intercept.
From the sources (20 posts)
@staunovoRT @EnergyAspects: EA Maritime Analytics data show fewer than 50 laden non-Iranian tankers (excluding small tankers) have transited the Str…
@staunovo24 boats have passed through Strait of Hormuz in last day, Iran's IRGC says
@staunovoAmerican motorists would face pain at the pump for months even if the U.S. and Iran strike a peace deal and move quickly to reopen the Strait of Hormuz, according to energy experts. "It is all contingent on when boats start moving through
@dlacalle_iaUS Looks to Unblock Hormuz With Quiet Version of Project Freedom. Bloomberg
@danielyerginMy new @WSJ column: The closure of the Strait of Hormuz has revealed how much has been learned about energy security since the 1970s oil crises. The global energy system is far more diversified now, mitigating (so far, at least) what could
@oilheadlinenewsIran struggled to get energy exports past the US Navy’s blockade last month, with around 80 million barrels of oil and petrochemicals stranded in waters behind the line - Bloomberg
@oilheadlinenewsIran’s oil exports plunged more than 90% in May as U.S. naval enforcement disrupted Tehran’s tanker network, pushing shipments to record lows. - UANI
@oilheadlinenews🚨Iran's oil exports fell by more than 90% in May. - @UANI U.S. maritime enforcement of an American naval blockade severely disrupted Tehran’s sanctions‑busting network of ghost fleet tankers.
@staunovoThe first oil supertanker in almost a month has been spotted moored at Iran’s main crude-export facility in the northern Persian Gulf, highlighting the largely effective nature of an American blockade on Tehran’s shipping. An image taken b
@oilandenergyRT @WoodMackenzie: The U.S. blockade is officially choking off Iranian oil.🛢️ As the Middle East conflict approaches the 100-day mark, th…
@tankertrackersRT @WoodMackenzie: The U.S. blockade is officially choking off Iranian oil.🛢️ As the Middle East conflict approaches the 100-day mark, th…
@staunovoIranian exports of crude oil and condensate fell to their lowest level in at least six years in May, falling well below 300,000 barrels per day, mainly due to the U.S. naval blockade, according to shipping data and analysts. #oott https://
@polymarketJUST IN: Iranian oil exports have crashed to their lowest level in six years.
@iranintl_enIran's crude oil exports fell 84% in May as the US blockade tightened pressure on Tehran's oil trade, according to Lloyd's List. The journal said exports were 87% below their previous 12-month average and shifted toward smaller tankers as
@ajenglishIran’s crude oil exports plunged 84% in May compared with April and were 87% below the 12-month average, Lloyd’s List reports, as a US naval blockade disrupted shipments and pushed Tehran to use smaller tankers. 🔴 LIVE updates: https://t.c
@iranintl_enMore than 50 days into the US blockade of Iran’s southern ports, Iraq’s Umm Qasr has emerged as a new hub for Iran-bound cargo, trade sources say, as Tehran’s first major workaround through Oman’s Khasab grows slower, busier and more expens
@chigrlIran’s Oil Exports Plunge to 6-Year Low as Maritime Blockade Squeezes Crude Flows Iran’s oil exports collapsed to their lowest level in at least six years as an ongoing U.S.-led maritime pressure campaign sharply curtails crude shipments,
@zerohedgeIran Oil Exports Plunge To Four Year Low As Blockade Tightens, While Inflation Soars To World War 2 Levels
@businessOPEC crude output fell last month, hitting its lowest level in decades as the US blockade of Iran and disruption in the Persian Gulf continued to curb production
@zerohedgeIran oil exports; China oil imports