The bank now factors in Iran sanctions relief beginning in the first quarter of next year, at first adding 0.5 million barrels per day (bpd), then 1.3 million bpd over the second half. It previously expected Iran sanctions relief to add supply in mid-2022.
from Commodities-Markets-Economic Times
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Monday 6 June 2022
Citi raises oil price forecasts on "heavily delayed" Iran deal
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