This Week In Energy: Oil Shows No Signs Of A Rebound Amid Ongoing Slump

The bear market for oil continues. The historic deal with Iran has sparked a lot of speculation about how much Iranian oil will come back to the market, and how quickly. The estimates run the gamut, as we explained in Tuesday’s Newsletter, but suffice it to say Iran could bring somewhere near 1 million barrels of crude per day back online within a year. December 2015 is the earliest date that sanctions will come off. In the meantime, Iran has around 40 million barrels of oil sitting in storage that could be sold off much more quickly. As…

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This Week In Energy: Oil Shows No Signs Of A Rebound Amid Ongoing Slump

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