Iran deal. Good for oil market?
Markets Commodities Brent Crude Oil

0 Like 0 Dislike 7 Replies
2 years ago

There are about 50 mill barrel crude oil ready to be sold by Iran. This is one of reasons why Iran's neighbors oil producers are not happy as they will need to share their cake with the new guy.

I don't see oil's price to raise anytime soon...


Posted 2 years ago 0 Likes   0 Dislikes

Its weird @tradetowin : I am having different figures in from of me. Its stating that its 25 million and that its mainly a condensate, which is a light form of crude and not easy to sell... 

 



Posted 2 years ago 0 Likes   0 Dislikes

Bearish as long as market thinks US congress will approve.. If congress rejects, then that changes things.. (all else equal of course, which never happens :-) )



Posted 2 years ago 0 Likes   0 Dislikes

I am short on oil as a lot of traders around. I have to be honest, before the deal, we were all bullish on oil and we were looking for a good long entry. Not anymore. With Iran back in the oil market, this will generate more supply and push the price further down.



Posted 2 years ago 0 Likes   0 Dislikes

This deal is good from one simple standpoint. It seemed that it curbed Iran's nuclear ambition. Some analysts are calling this ''Iran capitulation''. I think this is a bit of a stronger word but somehow suddenly the nuclear problem is solved. Well..at what costs? 



Posted 2 years ago 0 Likes   0 Dislikes

In terms of oil, there is good news for consumers. Im not really sure how low the price will fall, but I wouldn't bet on higher oil price in the coming months. Iran is a big oil producer and needs to export this commodity. I bet this deal is closed correlated to oil. Maybe more to oil than nuclear ambition



Posted 2 years ago 0 Likes   0 Dislikes

I think it's a bit too early to talk about the outcome. A lot can happen. Iran basically has one year to prove that is serious about all they agreed. We are having elections in the US in 2016. They will need to earn the trust of neighboring countries and the US. Delicate matter though... 



Posted 2 years ago 0 Likes   0 Dislikes

Certainly it's good for the consumer. On other words, we will drive more, we will buy more, it's good for the economy. Nobody got what really wanted on this deal. But Im glad the parties have compromised to reach this agreement. The world will be a safer place having Iran on same team. I know it will take time to build trust but it will come