Iran’s short-lived oil export boom is fizzling out. Why? | GulfNews.com:
"Five months after sanctions on Iran were eased, the rapid rise in the country’s oil production and exports appears to be ending as quickly as it began.
Any slowdown in Iranian output will hasten the rebalancing of global oil supply and demand, adding weight to the assertion by Saudi Arabia’s oil minister Khalid Al Falih that “the oversupply has disappeared.”
Iran’s observed crude oil exports, which exceeded 2 million barrels a day in both April and May, slipped by almost 20 per cent in the first three weeks of June."
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