Could Iran’s Production Restart Set Back Oil Prices To $35?

Whatever negotiators come up with in the talks with Iran over its nuclear program, a consensus seems developing that any lifting of sanctions would mean a further drop in the price of oil. Already Iran’s deputy oil minister, Mansour Moazami, has said he expects his country’s crude oil exports will nearly double eventually from 1.2 million barrels per day to 2.3 million barrels when and if the sanctions are removed. And while Tehran has urged fellow OPEC members to reduce output accordingly for the sake of price stability, the cartel…

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Could Iran’s Production Restart Set Back Oil Prices To $35?

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