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January 15, 2016 12:14 pm

Millions of Iranian Oil Barrels to Flood World Markets Next Week

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An Iranian oil platform in the Caspian Sea. Iran has promised to begin pumping up to half a million barrels of extra crude per day within one week. Photo: Wikipedia.

An Iranian oil platform in the Caspian Sea. Iran has promised to begin pumping up to half a million barrels of extra crude per day within one week. Photo: Wikipedia.

Millions of extra barrels of Iranian crude oil could begin spilling on to world markets next week, adding further to fierce downward pressure on prices, experts have warned.

With the United Nations, which completed inspections at an Iranian nuclear site yesterday, expected to approve the removal of trade sanctions as early as Monday

Read full story at The Times.

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