13.04.2015 - Iran's return to market to delay oil price recovery
With Iran and the West reaching an understanding on the nuclear issue, questions about impact of the deal on Iran's crude output and the global energy balance continued to confound the pundits. Speculation is rampant, adeal would result in further softening of the crude markets. But the question is if yes, then, to what extent? If oil-related sanctions against Iran are lifted, world oil prices next year could be $5 to $15 a barrel lower than the current forecasts, the US Energy Information Agency is now saying. In its latest short-term energy outlook released last week, the agency left its current price forecasts unchanged, putting Brent at $59 this year and $75 a barrel next year underlining downside risks from Iran's return. ..............................................Full Article: Source
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