Oil market shaken by Iran’s plan to boost output
Iran has said it plans to increase oil production by 500,000 barrels per day now that sanctions have been lifted under a nuclear deal with world powers. Analysts say the decision is likely to bring down the price of oil further in the world market. Roknoddin Javadi, deputy oil minister, said Iran is determined to […]
Iran Readies Oil Tankers As UN Prepares To Lift Sanctions
Iran is prepared to start shipping crude oil to old business partners in Europe and India with the United Nation’s nuclear watchdog expected to give a clean chit to Tehran’s nuclear program within a week, according to reports. Iran has pledged to begin pumping up to half a million barrels of extra crude per day […]