Global oil market picture more favorable now for zero Iranian exports -U.S. officials
WASHINGTON, April 22 (Reuters) - Conditions in the global
oil market have turned more favorable since last November,
enabling the United States to eliminate all the waivers it had
granted to eight economies to buy Iranian oil and demand to
reduce exports to zero, senior officials from the State
Department said on Monday.
"The only reason we had to grant eight (waivers) last time
was because the market conditions didn’t permit it," Brian Hook,
U.S. Special Envoy for Iran told reporters in a briefing. "The
oil picture last year was much different than it is now," he
On top of the change in market conditions, Saudi Arabia was
taking "active steps" to ensure global oil markets were well
supplied in terms of volumes and appropriate grades, Frank
Fannon, U.S. Assistant Secretary of State for Energy Resources
said in the same briefing.
(Reporting by Humeyra Pamuk in Washington
Editing by James Dalgleish)
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