16 Dec '12, 1pm

#peakoil Tech Talk – Iran and the new EIA and OPEC Reports: With the possibility that demand for Iranian oil may...

#peakoil Tech Talk – Iran and the new EIA and OPEC Reports: With the possibility that demand for Iranian oil may...

With the possibility that demand for Iranian oil may fall below 1 million barrels a day (mbd) as sanctions continue to bite, Iran has announced that it wants OPEC to cut back production to the agreed quotas, rather than the overall additional 1 mbd that is actually being produced, and sold. Such a move would, of course, make it more difficult for those customers who have found a way of replacing Iranian oil, and perhaps incline them more towards disregarding the embargo.

Full article: http://peakoil.com/production/tech-talk-iran-and-the-new-...

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