Iran Press/ Iran News: The United States has sought to limit Iran's oil exports since Donald Trump exited a 2015 nuclear accord in 2018 and re-imposed sanctions aimed at curbing revenues to Iran's government. But the exports have risen during President Joe Biden's term, with China a top buyer, according to the industry trackers.
SVB International, a consultant, estimates Iran's oil production increased in August to 3.15 million barrels per day (bpd), the highest since 2018, with crude oil and condensate exports at just under 2 million bpd.
"Iran is on the path to recover its pre-sanctions oil production," said SVB's Sara Vakhshouri.
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Iran’s oil revenue has increased without any deal, MP says
The United States is in talks with Iran over a potential agreement in which five U.S. citizens would be released by Iran and $6 billion in Iranian funds in South Korea would be unfrozen. White House National Security Adviser Jake Sullivan has declined to offer a timeline on a deal.
TankerTrackers.com, which assesses oil shipments, estimates Iran's crude and condensate exports averaged 1.92 million bpd in the first 27 days of August, of which the crude portion was 1.77 million bpd.
The August oil exports would be the highest monthly rate this year, according to the company's figures.
Another tanker-tracking firm that declined to be named said August crude exports were above 1.5 million bpd.
Kpler, a provider of flow data, expects August crude exports to average about 1.2 million bpd.
Iran has said it expects higher supply in the near term. Iran's oil minister was quoted by state media as saying crude output will reach 3.4 million bpd by the end of September.
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