Iran Starts Sending Crude to Europe in Bid to Regain Lost Market

  • Oil equivalent to 25% of pre-sanctions supply booked in Feb.
  • Iran resumed shipments relatively quickly, says Petromatrix

Will Oil Prices Improve by End of 2016?

Refiners have chartered tankers this month that will deliver about 136,000 barrels a day of Iranian crude to Europe, equivalent to almost a quarter of the Middle Eastern nation’s shipments to the region before sanctions were imposed.

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