US to discuss Iran sanctions waiver; Iranian oil tanker ablaze after collision with Chinese vessel

8 Jan 2018   China, Iran

All eyes will be on developments in Iran this week, with the US set to decide January 12 whether to issue a waiver suspending sanctions. Street protests have yet to impact oil flows, and the key producer has doubled oil exports since the Iran nuclear deal was implemented two years ago. Its near-term outlook is now uncertain. Meanwhile, more details are expected to emerge after a collision between an Iranian oil tanker and a Chinese vessel over the weekend. The oil tanker caught fire and is reportedly leaking oil off the coast of China. It remains unclear how much oil was spilled and if there will be a disruption in shipping movements in that area. The market will also be paying close attention to a condensate tender from Qatar this week as tightening Middle East ultra-light crude supply could keep price differentials supported this year. […]

Comments are closed.