| Iran's oil output is set to decline by 1 million barrels per day (mbpd) to below 2.5 mbpd by the end of June, states JP Morgan. Countries have been reducing their oil purchases from Iran and shifting to other sources due to increased pressure from the US.
"In total, the reported shifts may account for a further reduction of nearly 300,000 barrels per day in Iranian crude sales during April which would imply lost sales are now approaching 700,000 bpd below January levels”, Trend News Agency quotes..............................................Full Article: Source
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