Iran Seen Losing 500,000 Barrels of Oil Shipments Daily
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Iran’s oil exports have the potential to fall another 300,000 to 500,000 barrels a day or more when the European Union’s embargo takes effect in July, according to Barclays Plc.
The decline will extend existing losses of 500,000 barrels a day, Barclays analysts led by Helima Croft in London said in an e-mailed report yesterday. Iranian exports may fall even further because of the unavailability of shipping insurance, she said.