Iran Oil Stockpile Surges to Two-Year High on China Demand Slowdown
Market Intelligence Analysis
AI-PoweredIran's oil stockpile has surged to a two-year high due to slowing imports from China, leading to a widening discount of Iranian grades to international benchmarks.
Market impact analysis based on bearish sentiment with 68% confidence.
Article Context
Slowing imports from China have pushed the volumes of Iranian oil held in tankers at sea to the highest level in two and a half years. The volume of Iran’s crude in floating storage has jumped in recent weeks and widened the discount of Iranian grades to international benchmarks. As many as 52 million barrels of Iranian oil is stashed on tankers at present, nearly double compared to October, according to data from energy flows intelligence firm Kpler cited by Bloomberg. In comparison, early this year the volumes of Iranian…
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