IRAN’S OIL PRODUCTION AND REVENUE SQUEEZE IS INTENSIFYING: IRAN HAS LOADED NO CRUDE OR CONDENSATE CARGO SINCE AUGUST 25, | Hanami
IRAN’S OIL PRODUCTION AND REVENUE SQUEEZE IS INTENSIFYING: IRAN HAS LOADED NO CRUDE OR CONDENSATE CARGO SINCE AUGUST 25, AND TANKERS LOADED SINCE MID-JULY HAVE BEEN UNABLE TO CROSS THE BLOCKADE LINE. NIOC HAS CONSEQUENTLY CUT PRODUCTION TO DOMESTIC REQUIREMENTS—BELOW 2 MILLION B/D THIS FALL AS SEASONAL DEMAND DECLINES.