Goldman Sachs Forecasts Decline in Iranian Oil Supply by Q2

Goldman Sachs on Friday predicted a modest decrease in Iranian crude oil production as a result of expected policy changes and tighter sanctions from the administration of incoming U.S. President Donald Trump. The investment bank’s base case anticipates a 300,000 barrel-per-day (bpd) drop in Iran’s crude supply to 3.25 million bpd by the second quarter … Read more