Three tankers moored at Iran’s main export port this morning
Ships left anchorage shortly after the missile strike on Israel
Iran is still exporting crude from its main Kharg Island terminal even after a flotilla of tankers fled nearby waters where they’d normally wait their turn to collect cargoes.
Three tankers, two very large crude carriers and one Aframax, were seen moored at the jetties to the east and west of the island on Tuesday morning, satellite imagery from Sentinel Hub show. Together, the ships can haul about 5 million barrels of crude.
The anchorage area — an expanse of water that the tankers vacated after Israeli pledges to retaliate against a Iranian missile salvo — remains empty with the ships having dispersed.
A prior image of the island, taken on Thursday, also showed the port in use. One VLCC was being pushed onto the eastern jetty by two tugs, with another approaching the terminal. A third, smaller, tanker was also just off the jetty.
Iran’s Kharg Island terminal was still sending out crude on Oct. 3, 2024Source: Bloomberg
President Joe Biden has sought to discourage Israel from attacking Iran’s oil infrastructure after crude prices surged on the rising tensions, pushing Brent above $80 a barrel for the first time since August.
Initial estimates of Iran’s September exports of crude and condensate, a light form of oil extracted from gas fields, was the highest in at least 15 months. The initial figure of 1.73 million barrels a day is likely to revised higher as more ships become visible to digital tracking systems.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
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