Iran’s president says oil exports have doubled since August Posted on May 10, 2022 by cngpump Raisi’s remarks came as international markets are seeking alternatives to Russian crude following Moscow’s invasion of Ukraine and ensuing Western sanctions. Iran’s crude, with a similar composition to Russia’s grade, compete in the oil market. Related posts: France says EU deal on Russia oil embargo possible this week ‘Small actions’ can help reduce reliance on Russian energy: IEA US President Biden announces ban on Russian oil and gas imports Shell tightens restrictions on Russian oil buying Baker Hughes joins oil rivals in pausing Russian operations HF Sinclair posts profit on strong fuel demand Russian oil exports outside ex-Soviet Union up 2 per cent April 1-28: source Pressure on OPEC+ eases amid oil demand fears Russia should diversify its energy exports towards Asia: Putin Oil PSUs readying to buy discounted Russian crude