Iran’s Rise in Oil Production, Exports Die Out Five Months After Sanctions Relief
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by News Editor
An Iranian oil rig. Iran’s rapid rise in oil production and exports appears to be ending as quickly as it began. Photo: Screenshot.
Five months after sanctions on Iran were eased, the rapid rise in the country’s oil production and exports appears to be ending as quickly as it began.
Any slowdown in Iranian output will hasten the rebalancing of global oil supply and demand, adding weight to the assertion by Saudi Arabia’s oil minister Khalid Al-Falih that “the oversupply has disappeared.”
Read full story at Bloomberg.
