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Commodities Briefing - Categorized | Market Moves, Oil, Price Watch more

EMEA oil and gas may see lower prices in 2014 if Iran sanctions ease

Posted on 24 October 2013

Fitch Ratings says EMEA oil and gas companies may see prices come under pressure in 2014 if US-imposed economic sanctions on Iran are eased as a result of improving relations between the two countries. This could see Iran increase the supply of oil on world markets by around 800,000 barrels per day leading to a downward impact on prices.
In its 2014 Outlook published today, Fitch also says it expects industry operating costs for equipment, facilities, materials and personnel (both skilled and unskilled), among others, will continue the upward trend started in 2010 as demand for these products and services remains stable. ……………………………………….Full Article: Source


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