Iran’s observed crude and condensate shipments stood at 1.39m b/d in October, Bloomberg said. This is the lowest initial estimate since April. 

• Total observed shipments were about 43m bbl in October, compared to 54.8m bbl, or 1.81m b/d, during September.
• 21 VLCCs, four Suezmaxes and two Aframaxes began sending signals indicating they left Iran with cargoes of crude or condensates in November, Bloomberg said.
• More effective steps may have been taken to conceal ship movements amid threats of retaliatory strikes by Israel after Tehran launched a ballistic missile attack on the former.
• Israel’s response to Tehran’s earlier missile attack did not target energy infrastructure.