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IEA: Tighter Market For 2H12
Published on Monday, 21 May 11:48 am
The International Energy Agency (IEA) warned of a possible loss of around 1mn b/d of Iranian crude oil in the second-half of the year, saying that oil market fundamentals could become much tighter in 2H12, if the US and the EU sanctions keep more than 1mn b/d of Iranian oil exports off the market.
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