Iran’s crude sales are on track to hit the lowest in seven months in October, according to a source with knowledge of its preliminary shipping plans, showing how Tehran is struggling to boost oil exports even after reaching a landmark nuclear deal. The weaker sales come despite offers of price discounts to stimulate purchases by Asian buyers as Iran tries to regain market share lost to rivals such as Saudi Arabia over the last 3-1/2 years of Western sanctions. September and October loadings – for arrivals mostly in October and November – indicate purchases by Iran’s main buyers in Asia are set to fall a third consecutive month, hit by refinery turnarounds and projections for mild winter weather. China, the biggest buyer of Iranian oil, is taking the lowest volumes in about a year. The […]