How much unused oil storage capacity does Iran currently have, and what are the potential production implications according to Kpler?

According to Kpler, Iran has enough unused crude oil storage capacity to last only 12 to 22 days, a critically low level that threatens to force further production cuts — potentially an additional 1.5 million barrels per day by mid-May. This comes on top of up to 2.5 million barrels per day already curtailed, as reported by Goldman Sachs, highlighting the accelerating operational strain on Iran’s oil sector due to storage constraints.

What is the current status of Iranian oil exports, and how has the US naval blockade affected them?

Iranian crude exports have plummeted to approximately 567,000 barrels per day as of early April, down sharply from an average of 1.85 million barrels per day in March, following the US imposition of a naval blockade on Iranian ports. Kpler reports that loadings of Iranian crude onto tankers have dropped by roughly 70% since the blockade began, and no tankers have been observed successfully evading the US naval enforcement around the Strait of Hormuz.

Iran’s Unused Oil Storage Shrinks to 22 Days or Less, Kpler Says

Apr 27, 2026

Kpler reports Iran's unused oil storage capacity may last only 12-22 days, potentially forcing production cuts of 1.5 million barrels daily amid a US naval blockade reducing exports.

bloomberg

2026-04-27

Iran’s Unused Oil Storage Shrinks to 22 Days or Less, Kpler Says

2026-07-28

India July Refined Product Exports Forecast to Surge

Iran’s Unused Oil Storage Shrinks to 22 Days or Less, Kpler Says

FAQ