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IEA says too early to revise Iranian crude oil export estimate

Posted on 04 February 2013

The International Energy Agency said it was too early to revise its estimate for Iranian oil exports amid speculation that the Persian Gulf nation boosted shipments in December. Iran’s crude shipments were 1.2 million barrels a day, the Paris-based agency said in a Jan. 18 report, an estimate it won’t be revising until next month, Diane Munro, a supply analyst at the IEA, said.
That’s down from 1.45 million in November. Reuters reported earlier today that Iranian exports rose to 1.4 million barrels a day last month, the highest level since European sanctions began, citing data it compiled from analysts and shipping and customs data……………………………………..Full Article: Source


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