Oil news and market movers Iran calls out what everyone knows

Afshin Javan, the No. 2 official in the Iranian delegation to OPEC , published an opinion piece on November 26 that got picked up by Bloomberg on Monday.  OPEC faces a supply glut largely of its own making following several years of production cuts. “This strategy in support of prices has effectively encouraged higher supply outside the group, particularly on the part of the US,” he said. 

Poland has shut down part of the Druzhba pipeline after detecting a leak, Bloomberg reported on Sunday, citing Polish media and the local firefighting service that responded to the leak report.