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IEA confirms new member

South Africa has joined the International Energy Agency (IEA) as an Association country.

 
 

What next for the oil market as the US reimposes sanctions on Iran?

According to Wood Mackenzie, the oil market faces a precarious few months. The imposition of US secondary sanctions on Iranian exports today is the critical factor behind Brent’s rally to over US$80/bbl in October. There is enough supply to meet demand this winter, but the margin for error is narrow.

 
 
 
 
 
 
 
 

 

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