Exploration & Production

US supplies up


A surge in India’s oil imports from the United States outpaced growth in shipments from its traditional suppliers in the Middle East, after Washington imposed sanctions on Tehran in November, according to tanker arrival data obtained from sources.

US President Donald Trump’s administration renewed sanctions against Iran last year over its nuclear programme, although some buyers were allowed to continue taking limited volumes of Iranian oil under a six-month waiver.

In May, the United States ended those exemptions and said countries that continued to buy Iranian oil would face sanctions.

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