Reuters (London) said in an analysis article May 3 that Iran’s oil exports would fall in May and further deepen the global shortage of oil supplies caused by U.S. sanctions on Venezuela and OPEC production cuts. Washington’s goal after restarting sanctions against Iran is to completely zero Iran’s crude oil exports, a situation the Iranian government has repeatedly said would never happen, but it is ready to reduce oil exports. According to official Iranian sources familiar with the oil policy, Iran’s oil exports could be reduced to 700,000 barrels per day starting in May, with a minimum of no less than 500,000 barrels per day.

OPEC, for its part, said Iran’s oil exports could be reduced to 40.6 million barrels per day. Analysts say Iran is likely to continue to keep oil on transport rights to China and India and smuggle a certain amount of crude oil as it has been under sanctions in the past. “To realize that zero oil exports in May does not mean that Iran will not transport oil to China and India in May, and that Iran’s exports as a whole may remain at 20.55 million barrels/day, but not all of them are merchandise oil,” he told.

” Iran is no longer reporting data such as its oil production to OPEC after the United States restarted sanctions on Iran, and oil export data are unclear. Some Iranian oil exports have shifted to underground channels, making it difficult to obtain real quantitative information. The lack of data is a great headache for OPEC members and allies who are about to develop oil production policies in June, and OPEC has cancelled a meeting in April because of these uncertainties. Saudi Arabia’s National Petroleum Corporation, as a major supplier of Iranian oil exports, is now seeking estimates of Iran’s export volume. Iran’s oil sector, for its part, likes the opacity, and oil minister Zangane says Tehran will continue to sell oil in a variety of ways.