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Iran’s OPEC Win Lacks Substance Without Deals With Big Oil

  • Producer so far has only initial deals with Total, Shell
  • Exemption from OPEC output cuts was ‘big success’: Fritsch
Bloomberg business news

How Sustainable Are Oil Prices at Current Levels?

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Few countries have benefited from the oil market’s 2016 recovery like Iran.

Since sanctions on its economy were eased in January, the Persian Gulf producer has doubled exports as prices rallied and won approval from OPEC last month to pump even more while other members cut. The key to continued growth will be attracting foreign investment to the energy industry.