Raheb Homavandi/ReutersA major part of the fall in oil prices last year was driven by concerns over the rising production levels of Iran. With nuclear sanctions in place, Iran had been forced to significantly curtail production due to lack of buyers. Once those sanctions disappeared due to the Iranian nuclear deal, the country was prepared to begin exporting crude en masse once more.
Iranian Oil Is About To Hit A Wall
feedback@businessinsider.com (Michael McDonald), Business Insider
Tue, 06/28/2016 - 6:46pm
Topics: raheb homavandi/reutersa analysts iranian saudi eia opec&rsquo june fundamentally greece japan south korea watch us navy iran raheb homavandi/reuters europe china india hit production country levels prices crude mb/d pre-sanctions sanctions capital nuclear fall part investors driven major buyers foreign deal due ndash disappeared problems reality purchases share wisdom countries conventional price market
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