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More from the IEA: Iranian oil output plunged to 2.63M bbl/day in September, the lowest in 23...

More from the IEA: Iranian oil output plunged to 2.63M bbl/day in September, the lowest in 23 years and down more than 1M bbl/day in the past year. The oil market had expected a rebound M/M on new purchases by South Korea and Turkey on top of regular buying by China, India and Japan. Compliance with sanctions "appears to have tightened," IEA says.
Comments (4)
  • wyostocks
    , contributor
    Comments (7620) | Send Message
     
    And how does this figure into the forecast for cheaper oil?
    12 Oct 2012, 09:52 AM Reply Like
  • Sal Marvasti
    , contributor
    Comments (1364) | Send Message
     
    it doesnt. I am heavily long oil producers. Its a self defeating, as economy goes down oil price won't.
    12 Oct 2012, 10:56 AM Reply Like
  • eagle1003
    , contributor
    Comments (1485) | Send Message
     
    There is money to be made in shorting oil.
    12 Oct 2012, 11:52 AM Reply Like
  • Sal Marvasti
    , contributor
    Comments (1364) | Send Message
     
    Nope, not with falling output.
    12 Oct 2012, 12:00 PM Reply Like
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