Saturday Aug 19, 2023

Iran to add 600k of supply to oil market in 2h 2023. Will this kill oil price rally? AIA 8-19-23

Iran is going to be increasing exports of oil by 600,000 barrels per day in the second half of 2023. Many analysts are anticipating an oil price rally that could take prices to $90-$100. Will the excess supply offset OPEC+ cuts?

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