Declines in Iranian crude production will likely accelerate in response to increasingly aggressive sanctions led by the US and EU, according to report issued by a researcher at MJLF.
Donald Bogden says difficulties that stem from growing discontent with Tehran’s nuclear policies have marginalised the nation’s fleet of aframax and suezmax tankers and are fuelling a run up in floating storage as sales shrink and shift from Europe to the Asia Pacific Rim.
While
