Iran increases oil exports in June

Iran’s crude oil exports are estimated to have jumped to an average of 961,000 barrels per day (bpd) between June 1 and June 19, reported from foreign media sources. 

According to data from seaborne oil trade analytics company Petro-Logistics cited by commodity analyst Giovanni Staunovo, the average crude oil exports out of Iran stood at 461,000 bpd for the entire month of May. 

The country has boosted production and exports to its primary market, China. According to analysts, if a new deal is reached between Iran and the world powers, the flow of Iranian oil abroad could increase by between 500,000 bpd and 1 million bpd.

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