Iran gears up… Bloomberg – Commodity Research Group

May 16, 2021 by Jim Colburn Leave a Comment

Anthony Di Paola, Arsalan Shahla, and Grant Smith, Bloomberg write on Iran’s return to the oil market, here…

”Tehran has already taken advantage of a less hostile climate since President Joe Biden came to power in January. It is reviving petroleum sales, sending more crude to emboldened Chinese buyers. Iran’s production has climbed almost 20% this year to 2.4 million barrels a day, according to data compiled by Bloomberg, though most of that oil is still used domestically.”

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

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