Pavel + 384 PP August 10, 2018 The Trump administration forecasts that it will persuade countries to cut Iranian oil imports by as much as 1 million barrels a day when it reimposes energy sanctions in early November, according to two people familiar with the administration’s efforts to choke off Tehran’s crude sales. The assessment forecasts a range of likely cuts of 700,000 to 1 million barrels a day -- a significant reduction for the Islamic Republic but short of the announced U.S. goal of halting all sales of Iranian crude. Iran exported an average of about 2.1 million barrels of oil per day over the last year, according to data compiled by Bloomberg. Any significant reduction would be a blow to Iran’s battered economy. Quote Share this post Link to post Share on other sites
damirUSBiH + 327 DD August 10, 2018 According to Bloomberg, Iran regime sold 2.1 million barrels of oil last year, but ordinary Iranian people didn't see a penny of all that money. What was it spent on? Support for terrorism? Quote Share this post Link to post Share on other sites
jpZelabal + 63 jj August 10, 2018 In same time, China rejects US demand to reduce Iran oil import...India, too... Quote Share this post Link to post Share on other sites
Petar + 76 PP August 10, 2018 Does that forecast include the backdoor sales through Iraq? Quote Share this post Link to post Share on other sites
50 shades of black + 254 August 10, 2018 I've read this article and three things can be a possible conclusion: - no longer talking about zero oil exports - their estimate is within market expectations - most people are talking about official numbers and ignoring black market Quote Share this post Link to post Share on other sites
pinto + 293 PZ August 10, 2018 From now on, according to the US sanctions. Iraq can't sell the Kirkuk crude Oil to the Iran.... Quote Share this post Link to post Share on other sites
rainman + 263 August 10, 2018 They will go bankrupt, similar as a Turkey now... Quote Share this post Link to post Share on other sites
John Foote + 1,135 JF August 10, 2018 What Iran really needs longer term, oil (and gas) wise is infrastructure investment, and here sanctions really hurt the countries capacity and capabilities. And sanctions have very little ability to effect terrorism out of Iran, and the effect their might be negative besides. It's the countries to the west of Iran that historically fund terrorism that effects the west. Quote Share this post Link to post Share on other sites
Pavel + 384 PP August 10, 2018 Though the International Energy Agency's current report centers on how calm the oil market is, this could change after the second round of Iran sanctions. The IEA raised its 2019 global oil demand growth estimate and warned that sanctions against Iran will make the market "far less calm" than it is today. Quote Share this post Link to post Share on other sites
franco + 96 FM August 10, 2018 Iran holds the largest combined oil and natural gas reserves in the world and ranks among the top ten oil producers globally with 4.66 million barrels per day (mb/d) of liquids output in 2017. Recent figures for July, however, suggest crude oil production has dropped to 3.72 million b/d with crude exports between 2.2 and 2.4 million b/d. Quote Share this post Link to post Share on other sites