| An end to the U.S.’s 40-year ban on oil exports is probably not what OPEC needs right now. Yet a resurgent Iran may present a greater threat as it prepares to dump a million bbl on the market next year.
While OPEC “could have done without” the return of U.S. crude, “probably much more impactful will be whatever comes out of Iran, starting sometime in the second quarter,” said David Fyfe, head of market research and analysis at trading house Gunvor Group Ltd. Researcher IHS Inc. also said the immediate effect of the ban’s repeal would be “relatively minor.”..............................................Full Article: Source
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