Moody’s says Iran sanctions, instability benefit IOCs
Issue 924
- 25 May 2012
| 1 minute read
Higher oil prices that could potentially result from new US and European Union economic sanctions against Iranian oil exports, which take effect from June, would be credit-positive for most international oil companies (IOCs), but negative for corporate sectors such as airlines, oil refining, European autos and retail, according to Moody’s Investors Service
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