Iran snags more European oil buyers in slog for market share
Two European refiners are set to receive their first oil cargoes from Iran since international sanctions were lifted in January against the country, which is ramping up crude exports in a battle to take back market share. Iran has pledged to increase production following sanctions lifting, and it declined to participate in a meeting on April 17 of producer group OPEC and non-member nations aimed at reaching a deal to freeze output to prop up prices. The talks collapsed. Italy's IPLOM booked a 1 million barrel cargo of Iranian crude that is ...
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