EFTA Document EFTA01367352

31 May 2015 Integrated Oil US Integrated Oils The key uncertainties around the global oil supply impact of any final agreement stem from question marks around 1) the agreed upon pace of the removal of sanctions (John Kerry suggesting 4 months to one year while the Iranians are calling for an immediately removal), 2) the actual amount of floating storage holding Iranian barrels (IEA references reports suggesting -30 mmbbl's, or 180kb/d for 6 months. Wood Mackenzie offers a smaller estima