In this list

Does zero mean zero? Why Iranian oil exports won’t end as waivers expire

Crude Oil

Platts Crude Oil Marketwire

Natural Gas | Oil & Gas | Coal | Energy Transition | Crude Oil | Emissions

COP28: OPEC urges members to reject fossil fuel phaseout

Oil | Energy Transition | Energy

APPEC 2024

Natural Gas | Oil & Gas | Chemicals | Natural Gas Shale Gas | Refined Products | Naphtha | Crude Oil | Polymers | NGLs | LPG | Solvents & Intermediates

Ineos Oxide buys LyondellBasell Texas EO business for $700 mil to help mitigate high European costs

Energy | Oil | Crude Oil

West African Crude Oil Price Assessment

Crude Oil | Electric Power | Electric Power Electricity | Energy Transition | Carbon | Emissions | Renewables | LNG | Natural Gas | Natural Gas Shale Gas | Refined Products | Fuel Oil | Shipping | Bunker Fuel | Marine Fuel | Oil & Gas

Insight Conversation: Ezran Mahadzir, Petronas LNG

For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today.

Subscribe Now

Listen: Does zero mean zero? Why Iranian oil exports won’t end as waivers expire

  • Featuring
  • Brian Scheid
  • Commodity
  • Oil
  • Length
  • 18:20
  • Topic
  • OPEC+ Oil Output Cuts US Policy Iran Sanctions US Sanctions on Venezuela's PDVSA

The Trump administration will not extend its Iran sanctions waivers to China, India and other buyers in an attempt to push Iran exports to zero. But Sara Vakhshouri, president of SVB Energy International, argues on today's Platts Capitol Crude that even with strict US sanctions coming into full force this week, as many as 550,000 b/d of Iranian crude could continue to be exported by Iran.

Vakhshouri estimates that as many as 200,000 b/d could be sold to smugglers on international waters while Iran could continue to ship as much as 150,000 b/d to India and 200,000 b/d to China as part of debt repayment programs. Since these exports to China and India would be debt repayment, not revenue to Iran, the US may allow those imports to continue, Vakhshouri argues. In this interview, Vakhshouri also talks about who may fill the supply gap created by US sanctions; the impact on Venezuela, Libya and other supply risks; and whether China may simply decide to not comply with sanctions as its waiver expires.

Related coverage