Asian refiners cheer rising Iranian crude output, assess chances of sanctions removal

Asian refiners are expecting Iran’s growing crude oil production and exports to partly offset the impact of OPEC+ supply cuts even as regional condensate trade flows could shift if the US decides to lift sanctions against Tehran, though outright oil prices are not likely to face much pressure. Refiners and petrochemicals makers across Northeast Asia said they are keeping a… Asian refiners are expecting Iran’s growing crude oil production and exports to partly offset the impact of OPEC+ supply cuts even as regional condensate trade flows could shift if the US decides to lift sanctions against Tehran, though outright oil prices are not likely to face much pressure. Refiners and petrochemicals makers across Northeast Asia said they are keeping a… Read More