Iran’s oil storage almost full as sanctions and pandemic weigh – ZAWYA

Iran’s oil storage almost full as sanctions and pandemic weigh – ZAWYA

Iran's oil storage almost full as sanctions and pandemic weigh | ZAWYA MENA Edition HomeMarketsCommoditiesArticleIran's oil storage almost full as sanctions and pandemic weigh Crude production in lowest level since 1981    LONDON- Iran has slashed crude oil production to its lowest level in four decades as storage tanks and vessels are almost completely full due to a fall in exports and refinery run cuts caused by the coronavirus pandemic, industry data showed.Total onshore crude stocks surged to 54 million barrels in April from 15 million barrels in January, and swelled further to 63 million barrels in June, according to FGE Energy.Market intelligence firm Kpler estimated Iranian average onshore crude storage for June to be around 66 million barrels.Total onshore crude stocks surged to 54 million barrels in April from 15 million barrels in January, and swelled further to 63 million barrels in June, according to FGE Energy.LONDON- Iran has slashed crude oil production to its lowest level in four decades as storage tanks and vessels are almost completely full due to a fall in exports and refinery run cuts caused by the coronavirus pandemic, industry data showed.Market intelligence firm Kpler estimated Iranian average onshore crude storage for June to