05.11.2015 - Arab oil producers watching Iranian re-entry into oil market closely
The re-entry of Iranian crude oil exports into an already well supplied market is being watched closely by Middle East oil producers, but their full re-entry is likely to take "years rather than months," the Arab Petroleum Investment Corp. or Apicorp said Wednesday. The introduction of significant Iranian barrels could force OPEC to consider re-introducing supply management measures, but this will not be straightforward, the Al Khobar-based investment company said in a research note, "as Iran has repeatedly signaled its desire to re-capture market share and that other OPEC players should create the necessary space."..............................................Full Article: Source
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