Iran's Export Pain Could Mean a Hot Winter for Oil - Bloomberg:
Winter is coming, and the oil market is starting to look pretty tight.
Iran’s oil exports are down by almost a third since President Donald Trump said in April that the U.S. would withdraw from the nations’ nuclear deal and reimpose sanctions. They slid below 2 million barrels a day in August and continued to deteriorate in the first half of September, creating a build-up of crude held in tankers floating offshore.
On paper there is enough spare capacity among other OPEC producers and Russia to offset falling Iranian supply — but what exists on paper and what can be brought into production in the next month or so are not necessarily the same.
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