A change in US Presidency could see higher Iranian barrels and lower oil prices

In an interview to S&P Global Platts, Dr Carole Nakhle, CEO of Crystol Energy, discusses the implications on supply and price the lift of Iranian sanctions could have under the scenario of a change in US presidency which could see a renegotiation round with Tehran.

According to Dr Nakhle, the new Iranian barrels would drift prices lower, which in turn would further pressure US and Middle East producers alike. In that case, OPEC, or OPEC+ if still around, would have to revisit its strategy.

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