Wednesday 12 September 2012

Iran’s crude exports back over 1m barrels - FT.com

Iran managed to increase its exports of crude oil last month, but the rise is likely to be temporary as the US and EU prepare to tighten sanctions on Tehran over its nuclear programme.
In its monthly survey of the oil market, the International Energy Agency said imports of Iranian oil inched up to 1.1m barrels a day in August, from less than 1m b/d in July.
But the respite for Iran is expected to be brief, with US and European officials said to be considering tougher measures against Tehran in response to its perceived intransigence in nuclear negotiations.

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