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Iran oil exports set to keep crude prices low next year says Capital Economics
Автор: Proactive Investors
Загружено: 2015-07-14
Просмотров: 299
Описание:
Thomas Pugh, commodities economist at Capital Economics, reckons impending Iranian oil exports will likely keep oil prices low next year.
Iran has agreed to limit its nuclear activity in return for the lifting of economic sanctions.
The country’s oil production has fallen dramatically since the imposition of the latest round of sanctions in early 2012.
Once sanctions have been lifted, the Iranian authorities assert that the country could double exports within two months.
This would be an increase of over 1m barrels per day (bpd) to an already oversupplied market.
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