'Dark' tanker oil transfers rise further with suspected sanctioned trades

S&P Global

"The monthly average of Iran's crude production was between 2.76 million b/d and 3.01 million b/d during Q3, the highest since 2018, according to the Platts OPEC survey by S&P Global. The official selling price of Iran Light, the country's main export grade, increased from $77.598/b in June to $96.767/b in September for Asian buyers. 'Higher oil prices present greater profit margins for sanctioned trades, making them more attractive to illicit traders,' said Claire Jungman, chief of staff at nonprofit United Against Nuclear Iran."