Return of Iranian oil unlikely to budge Saudi Arabia

The recent deal between Iran and the West means that it is now very likely that substantial volumes of oil from Iran will return to the market. (We do note that although a final deal is not guaranteed it seems very probable.) In this Energy Watch, we look at the implications for oil prices and the possible reaction of other OPEC members once a final deal is in place. We then take a look at the US natural gas market, examine what factors have pulled down prices to their lowest level in almost three years and where might they go from here.