EIA: No oil impact from Iranian nuclear deal

WASHINGTON, Dec. 11 (UPI) -- The U.S. Energy Information Administration said it doesn't see any impact on the global oil market from the November interim nuclear deal with Iran.

"The EIA does not anticipate an immediate impact on global liquid fuels supply following the Nov. 24 agreement," the administration said in a statement Tuesday.

An interim agreement reached last month with the United States, United Kingdom, France, Russia, and China, plus Germany, the so-called P5-plus-1, gives Iran some sanctions relief in exchange for nuclear concessions.

"The agreement does not directly allow for additional Iranian oil sales," EIA said.

The administration said it estimated Iran produced about 2.8 million barrels of oil per day in November, down from the 3 million barrels per day reported last year. Exports for the first nine months of the year averaged 1.1 million barrels per day, down from 1.5 million barrels per day last year.

Iran said it was ready to play a greater role in the international oil market after the nuclear deal. U.S. lawmakers, meanwhile, are mulling additional sanctions on Iran despite concerns from the White House that such action would be counterproductive.