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Commodities Briefing - Categorized | Market Moves, Oil more

Iran sends mulls return to oil markets

Posted on 23 October 2013

Iran is reaching out to its old oil buyers and is ready to cut prices if Western sanctions against it are eased, promising a battle for market share in a world less hungry for oil than when sanctions were imposed.
New Iranian President Hassam Rouhani’s “charm offensive” at the United Nations last month, coupled with a historic phone call with U.S. President Barak Obama, revived market hopes that Iranian barrels could return with a vengeance if the diplomatic mood music translates into a breakthrough in the stand-off over Tehran’s disputed nuclear programme………………………………………..Full Article: Source


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