Oil
continued its fall in the first day of trading in 2015 amid reports that oil
supplies in Iraq and Russia surged to the highest levels in decades. Russian
oil production rose 0.3 percent in December to a post-Soviet record of 10.667
million barrels a day, while Iraq exported 2.94 million barrels a day in
December, the most since 1980s, Bloomberg
reported. Brent for February settlement was trading around $56 on Friday.
2 comments:
https://www.youtube.com/watch?v=0ybsEhlT2DA --- Fight for oil: 100 years in the Middle East
The more Iran's so-called allies Russia and Iraq exports,the more it will hit the Iranian economy.Iran will benefit the least in oil sales.
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