| When it comes to oil, the question becomes how low can prices go. And with Iran back as a full player in world oil markets, the previously unthinkable — sub-$20-a-barrel crude — is looking more possible.
Iran's oil ministers say they intend to boost their oil production and ship 500,000 barrels a day initially, now that sanctions have been lifted in light of nuclear inspections deal, the Islamic Republic News Agency reported. Iran's goal is 2 million barrels a day. Those levels alone are big enough to further depress the price of oil, especially since Saudi Arabia has refused to cut its production levels...............................................Full Article: Source
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