Iran Analyst Says Oil Output Won’t Meet 4Q Demand -Report

Global oil producers will fail to meet rising oil demand in the fourth quarter, sparking oil price rises of up to around $60 a barrel, an Iranian oil analyst said Wednesday.

Mohammad-Ali Khatibi, director of the Tehran-based International Center for Energy Studies’ OPEC research office, told the Pars news agency that OPEC and non-OPEC producers wouldn’t be able to meet demand in the fourth quarter.