A significant dent to one Italian refiner’s Q2 profits suggests that although European refiners...

|By:, SA News Editor

A significant dent to one Italian refiner’s Q2 profits suggests that although European refiners have kept the oil flowing, the cost of Iran sanctions could still prove problematic. "The Iran story has deepened the crude imbalance that is there anyway in a market where there is too much light, sweet stuff and not enough sour barrels,” according to one analyst.