This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.rt.com/newsline/438465-oil-market-iran-exports/

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Oil market ‘too tight’ for US to cut Iran’s oil exports completely – Tehran Oil market ‘too tight’ for US to cut Iran’s oil exports completely – Tehran
(about 1 hour later)
The US will find it difficult to cut Iran’s oil exports completely as the oil market is already tight and rival producers cannot make up the shortfall, a top Iranian official said on Friday. Washington is seeking to cut Iranian oil exports to zero by November as it re-imposes sanctions, and is encouraging other producers to pump more to meet the shortfall. Iran’s OPEC governor Hossein Kazempour Ardebili told Reuters that a “supply shortage” meant that the United States would not be able to meet its zero export target. “There is no spare capacity anywhere,” he said. The US will find it difficult to cut Iran’s oil exports completely as the oil market is already tight and rival producers cannot make up the shortfall, a top Iranian official said on Friday. Washington is seeking to cut Iranian oil exports to zero by November as it re-imposes sanctions, and is encouraging other producers to pump more crude to meet the shortfall. Iran’s OPEC governor Hossein Kazempour Ardebili told Reuters that a “supply shortage” meant that the United States would not be able to meet its zero export target. “There is no spare capacity anywhere,” he said.