Friday, July 21st | 27 Tammuz 5777

Close

Be in the know!

Get our exclusive daily news briefing.

Subscribe
January 15, 2016 12:14 pm

Millions of Iranian Oil Barrels to Flood World Markets Next Week

avatar by News Editor

Email a copy of "Millions of Iranian Oil Barrels to Flood World Markets Next Week" to a friend
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.

Share this Story: Share On Facebook Share On Twitter Email This Article

Let your voice be heard!

Join the Algemeiner
  • Bruce Rubin

    Nassar of Aramco said it costs about 3 US dollars to produce a barrel of oil in Saudi Arabia so if the Saudi’s don’t want Iran rebuilding its army with oil money were not even close to bottom and that bottom will be long term!!

Algemeiner.com