EIA estimates show how tricky it might be to impose sanctions on Iran, especially in an election...

|By:, SA News Editor

EIA estimates show how tricky it might be to impose sanctions on Iran, especially in an election year. Based on figures for Feb, fuel use was 3M bpd more than production when excluding Iran from the calculations and just 500K more when it is included. It's no wonder that Barclays sees Brent hitting $150/barrel.