A weekend report of feedback from a “high official” in Iran. Bloomberg (gated) carry the report, citing Mohsen Khojastehmehr, managing director of the Nationwide Iranian Oil
Co.. he spoke with reporters Saturday in Tehran.
- Iran has capability to double oil exports if there’s adequate demand
Iran will “exert most effort to recoup its crude oil market
share and revive its prospects,”
Iranian crude exports have plunged ever since earlier US President Trump dumped the Iran nuclear deal in 2018. Talks between the European Union and Iran on makes an attempt to revive the deal are ongoing. I have been updating on the negotiations for months and months however they’re persistently stalemated. We get constructive and unfavourable indications on the talks on a seemingly unending cycle. Resuscitation of the deal, if it comes, will ultimately convey extra Iranian oil to market, over time.
Oil value replace – buying and selling resumes Monday morning Asia time/Sunday night US time: