Wednesday, July 26th | 3 Av 5777

Close

Be in the know!

Get our exclusive daily news briefing.

Subscribe
June 26, 2016 9:48 am

Iran’s Rise in Oil Production, Exports Die Out Five Months After Sanctions Relief

avatar by News Editor

Email a copy of "Iran’s Rise in Oil Production, Exports Die Out Five Months After Sanctions Relief" to a friend
An Iranian oil rig. Iran's  rapid rise in oil production and exports appears to be ending as quickly as it began. Photo: Screenshot.

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.

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

Let your voice be heard!

Join the Algemeiner

Algemeiner.com