This report explores the dynamics of Iranian crude/condensate exports in 2022, with highlights of onshore inventories, floating storage and the implications on flows and freight from the Russia-Ukraine conflict.
Highlights:
- Iranian crude/condensate exports reached a record high under sanctions in December 2022
- China imported record Iranian crude in December 2022
- Tankers switched from Iran to Russian trade but Q4 saw net fleet additions to the Iranian trade
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