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Iranian oil exports to fall to one mbpd after mid 2012: IEA

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Iranian oil exports to fall to one mbpd after mid 2012: IEA

AFP, Paris, 14 March 2012 – Iranian oil exports are forecast to fall by 800,000 barrels per day (bpd) after mid 2012, the International Energy Agency said Wednesday in its monthly oil report.
The IEA said Iranian oil exports would decline to around one million bdp, as global demand for oil grows by 800,000 bpd to 89.9 million bpd.