Iranian unrest not yet impacting oil production

4 Jan 2018   Iran, Oil Supply

At this point, the oil market has factored in any risk from the political unrest gripping Iran, one of OPEC’s top producers, analysts said. More than a dozen people were reported dead in Iran after demonstrations against the rising cost of living boiled over to political unrest during the weekend. According to state broadcaster Press TV, the country’s Interior Ministry said the situation by Tuesday was starting to return to normal after President Hassan Rouhani acknowledged some of their concerns. The difference between supply and demand on the global market for oil is narrowing, leaving markets with little room to accommodate unrest in one of the strongest producers in the Organization of […]

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