VOL. XXXIII
NO. 20
19-FEBRUARY-1990
Iran
Iranian Marketing Push Aggravates Oversupply of Sour Crudes
The crude oil market these days is beset by a fundamental dichotomy: on theone hand, a shortage of light sweet crudes deriving mainly from the AtlanticBasin; on the other, an oversupply of heavier sour crudes largely emanatingfrom the Gulf. The strength of light crude prices, such as WTI and Brent, isputting a firm floor under crude oil prices as a whole. But the oversupply ofheavier sour crudes is...
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