Entry of Iranian oil to pose threat to recovery of oil prices | GulfNews.com:
"As oil continues to slump due to oversupply and weak demand, the entry of Iranian oil into the market is likely to pose another big threat to recovery of prices.
Oil prices have plunged by more than 50 per cent in the last one year as the US pumped record volumes of shale, and demand slackened across the globe.
From a peak of $115 (Dh422) in June last year, oil prices have dropped to less than $50 (Dh183) this week."
'via Blog this'
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