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Is There Too Much Light Crude On The Market?

Is There Too Much Light Crude On The Market?

Light crude typically sells at…

Iran May Allow Inspection of Military Installation

During a summit of the Non-Aligned Movement (NAM) this week, Iran may allow visiting diplomats to inspect a military installation southeast of Tehran and targeted by UN inspectors as a suspected of being the site of nuclear experiments. 

The Parchin military complex, according to Iranian officials, is a conventional military site and no nuclear experiments are undertaken there.

The Young Journalists Club, a news agency linked to the government, quoted Deputy Foreign Minister Mohammad Mehdi Akhoundzadeh as saying yesterday that while a visit by inspectors to Parchin would not be “customary”, Iran “would be ready for such a visit.”
The deputy foreign minister was responding to a request by the International Atomic Energy Agency (IAEA), the UN’s nuclear watchdog, made in Vienna last week.

The NAM summit, already underway in Iran, closes on 31 August.

By. Charles Kennedy of Oilprice.com



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