Iran’s tracked oil exports in November plummeted by several hundred thousand barrels per day compared to October, as many Iranian customers hadn’t nominated barrels amid uncertainty whether they would get U.S. waivers to continue importing Iran’s oil after the sanctions retuned. “Iranian crude exports so far in November are down several hundred thousand barrels per day from October levels,” Daniel Gerber, chief executive officer at tanker-tracking company Petro-Logistics, told Reuters on Thursday. According to Petro-Logistics and many analysts, Iranian exports in early November would indeed be much lower, because many of Iran’s customers hadn’t requested any volumes for fear of breaching the U.S. sanctions in the event they failed to secure a waiver. “The low volumes we saw in the beginning of the month were due to buyer reluctance to schedule loadings while awaiting clarity on sanctions waivers,” Petro-Logistics’ Gerber told Reuters. On the day on which the U.S. […]