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IEA says Iran oil exports could fall 50 pct

Posted on 16 March 2012

David FyfeThe International Energy Agency (IEA) claims that Iranian oil exports could fall by as much as 50 percent in July, when European sanctions over that country’s nuclear program take full effect.
The IEA said in a report issued on March 14 that Iranian crude output fell to 3.38 million barrels per day last month, the lowest level in at least three years, and that exports were below 2 million barrels, down from 2.6 million in November………………………………………..Full Article: Source


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