Iran collected $1.5 billion in oil export revenues in a month to October 22, according to the Fars News Agency. In the first six months of current fiscal year, started on March 21, the country collected $16 billion, averaging $2.66 billion per month. This means Iran’s monthly oil revenue collections fell by approximately 44% in
Iran’s Oil Export Revenue Collections Fall 44% in October Read More »
China’s imports of oil recorded as Malaysian have plunged alongside the collapse of Iranian exports under the US naval blockade, suggesting how heavily Iran relied on relabeling its crude for its biggest customer. In September, China imported just 276,000 barrels per day of oil recorded as Malaysian, down from an average of nearly 1.3 million
Once US blockaded Iran, China’s ‘Malaysian’ oil imports dried up Read More »
Iran’s LPG exports have collapsed since the US naval blockade began in mid-July, leaving Tehran to find domestic uses for millions of tons of propane and butane that would normally be sold abroad. Iran has shipped only 4.1 million barrels of LPG, equivalent to around 350,000 tons, since the blockade began, Reuters reported, citing informed
US blockade leaves Iran with millions of tons of surplus LPG Read More »
Investment in trade routes linking Asia and Europe through Central Asia and the Caucasus is putting pressure on Iran’s ambitions to become a major transit hub, with neighboring countries developing transport and digital networks that bypass Iranian territory. Among them is the Middle Corridor, a network of rail, road and sea links connecting China to
Iran risks losing ground as East-West trade routes expand Read More »
Iran’s floating oil storage in Asian waters—the last supply available for delivery to buyers, predominantly in China—has run dry amid the ongoing U.S. naval blockade, according to tanker-tracking data. Energy intelligence firm Kpler reports that Iranian oil transit halted in mid-July and loadings stopped completely by mid-August. Once the roughly 15 million barrels stored off
What a Halt in Oil Revenues Would Mean for Iran’s Economy Read More »
New tanker-tracking data shows that Iran’s new oil exports have effectively ground to a halt, while crude exports from Arab countries in the region surpassed pre-war levels in the final week of September. Data from commodities intelligence firm Kpler shows that regional crude exports reached their highest level since the war began in late February.
Iran oil exports vanish as regional flows surpass prewar levels Read More »
Iran’s economy contracted sharply in the spring as war hit its oil and gas sectors, with new data pointing to an energy crunch that could force Tehran to balance gas exports against rising domestic demand as winter approaches. Iran’s Statistical Center reported that gross domestic product contracted 10.1% year on year in the spring, with
War deepens Iran’s energy crunch ahead of winter Read More »
Iran’s Chamber of Commerce has reported an accelerating depletion of raw material inventories across the industrial sector. According to the report, the Raw Material Inventory Index fell from around 44.5 in July to 39.3 in August 22. Meanwhile, the Purchasing Managers’ Index (PMI) for the overall economy also fell to 46.9, signaling economic contraction and
Accelerating Depletion of Industrial Raw Material Inventories in Iran Read More »
Foreign investment in Iran has effectively come to a halt following the war with Israel and the United States, with no new foreign investment recorded so far this Iranian year, a senior industry ministry figure said. No foreign investment has been made so far in the current Iranian calendar year, which began on March 21,
Foreign investment in Iran hits zero after war Read More »
Iran’s decision to double the price of gasoline sold outside subsidized quotas could generate less than $500 million in additional annual revenue under current consumption patterns, but can it resolve the structural pressures behind the country’s growing fuel shortage? After weeks of reduced gasoline supplies and kilometer-long queues at filling stations, the government raised the
Iran’s gasoline price hike may add to revenues, but can it ease fuel shortage? Read More »
