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Iran March Oil Exports Fall 300,000 Barrels a Day, Reuters Says

Iranian oil exports fell about 300,000 barrels a day this month as buyers curbed purchases because of sanctions, Reuters reported, citing Petrologistics and a source at one oil company it didn’t identify.

Petrologistics, a Geneva-based consultant, said exports from Iran may fall to 1.9 million barrels a day in March from about 2.2 million barrels a day in February, Reuters said.

No one at Petrologistics was immediately available for comment when called today by Bloomberg.

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