28DEC2018 - NEWS - Imports of crude from Iran by major buyers in Asia reaches lowest level in November due to US sanctions

Imports of Iranian crude oil by major buyers in Asia hit their lowest in more than five years in November as U.S. sanctions on Iran’s oil exports took effect last month. China, India, Japan and South Korea last month imported about 664,800 barrels per day (bpd) from Iran, according to the data, down 12.7 percent from the same month a year earlier. South Korea cut imports to zero for a third month in November while Japan followed suit. India’s November imports are down about 40 percent from October.

Published by Editor - www.Livebunkers.com at 28-Dec-2018 11:20:40 [UTC] , contact editor at editor@livebunkers.com