Middle East Economic Survey

VOL. LII

No 41

12-Oct-2009

Iran Will Be Neutral Factor In Crude Market Once Hype Fades, Says Société Générale

Société Générale said that while news about a second uranium enrichment facility in Iran may have supported crude oil prices recently, Iran will be a neutral factor in the oil market for the rest of the year once the current hype fades and the situation calms down. The discovery in September that Iran had a second nuclear facility near Qom and located next to a...