Potential Iran Nuclear Deal Clouds Outlook for U.S. Oil Producers

SUGAR LAND--April 28, 2015--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--U.S. crude oil producers, already reeling from an over-supplied global market, received more bad news earlier this month when the U.S. Energy Information Administration (EIA) (Washington, D.C.) said a nuclear deal with Iran could increase global oil supplies by up to 700,000 barrels per day (BBL/d) and lower crude oil prices by $5 to $15 per barrel by the end of 2016.

Industrial Info's subject-matter experts will discuss slowing Oil & Gas capital spending and drilling activity and how that is affecting downstream industries like Petroleum Refining and Chemical Processing at the upcoming 2015 Market Outlook & Networking Event, which is to be held May 6 at the Trump International Hotel & Tower in Chicago, Illinois. The briefing is complimentary but advance registration is required.

Within this article: Details on how a deal might affect the global oil markets.