RE:RE:Shout To Baywolf: What About Libya?I thought Iran was shipping around 1Mbbl/day to China, but could ramp production back up to 2Mbbl/day relatively easily. They would have trouble going back to the +3Mbbl/day they were producing before.
Just from my memory of what I read from various places so I'm not 100% and I have no desire to go find the original sources.
masfortuna wrote: There are NO Iranian increases. Iranian oil is already on the market and being bought primarily by China. What the agreement would result in Iranian being able to sell its oil to western markets at a higher price point.