AlwaysFree: US, Iran To Resume Stalled Nuclear Talks On November 29

The US and Iran would restart nuclear talks, which were stalled for five months on November 29 in Vienna. The discussions will be closely watched as they can facilitate the return of Iranian crude oil to the market, which could put a brake on the ongoing price rally. Analysts expect Iran would raise its oil output to 3.66 million bpd by December 2022 if it reached a deal with the US to remove the current oil sanctions. Iran’s crude production is expected to fall to 2.17 million bpd if negotiations are delayed further or collapse. The country produced 2.52 million bpd of crude oil in September, rising by 20,000 bpd from August, a third-party survey showed.