Iran’s post-sanctions ramp up of crude sales will likely intensify competition among oil producers for a share of the Mediterranean oil market as the country seeks to win back customers it was barred from supplying since 2012, the International Energy Agency said. Iran is expected to target a supply of 250,000 barrels per day to refineries in the Mediterranean, the IEA said, placing it in direct competition with producers selling sour crudes including Saudi Arabia, Iraq and Russia. Iran is likely to add 300,000 barrels of crude per day to world markets by the end of the first quarter, below […]