Iranian crude oil exports in January were higher than expected, while February shipments so far have been holding steady or even higher compared to last month, as several of Iran’s customers are using up their U.S. sanction waivers to continue importing Iranian oil, Reuters reported on Tuesday, citing industry sources and shipping data. According to tanker-tracking data from Refinitiv Eikon and a source at a company tracking Iranian oil flows, Iran’s exports in February have averaged 1.25 million bpd so far, while the January exports were between 1.1 million bpd and 1.3 million bpd, higher than the previously expected below 1-million-bpd level, which was seen in December. While tracking Iran’s oil exports has become an increasingly difficult task after the U.S. sanctions returned in early November, some of the key Iranian oil customers that received U.S. waivers resumed buying Iran’s oil in 2019 or increased imports to their respective […]