Iran’s crude oil exports rise despite US sanctions - SHANA

The Iranian oil ministry's news agency SHANA reported that Iran’s crude oil and condensate exports hit 2.7 million bpd in May, despite the US withdrawal from Iran’s nuclear deal and re-imposition of sanctions, oilprice.com cited.

In May, Iran’s crude oil exports stood at 2.4 million bpd, while condensate—ultra-light oil—volumes hit 300,000 bpd. For April, Iran’s crude oil exports reached a record 2.617 million bpd.

According to tanker tracking company Petro-Logistics, buyers are not yet rushing to drastically cut purchases from Tehran.