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Commodities Briefing - Categorized | Market Moves, Oil more

No need for more Iranian oil, U.S. says

Posted on 04 December 2013

Iran says it expects a major boost in oil exports now that it has a nuclear deal in hand. In a sign the market is able to do without, however, the U.S. government said Iran’s return is unlikely because of the ample supply of oil elsewhere.
Iranian Deputy Oil Minister Kazzem Vaziri-Hamaneh said last week relief from economic sanctions could stimulate an oil export economy hamstrung by Western sanctions………………………………………..Full Article: Source


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