29/12/2015at 11:42

Oil price drops after Iranian announcement

Iran will quickly increase the oil export when the sanctions against the country are lifted at the beginning of 2016. The country's export can be boosted by about 500,000 barrels a day.

BY RITZAU FINANS

Following nice increases in the price last week, the oil price has resumed its negative trend which has characterized big parts of 2015. The explanation, according to Bloomberg News, is to be found in announcements from Iran that the country will quickly increase the oil export, when the sanctions against the country are lifted at the beginning of 2016.

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