Iran Boosts Oil Exports in June 

After several months of relatively low output, Iran's oil exports are expected to show a significant increase in June as a result of a vigorous sales drive by NIOC last month. MEES soundings indicate that Iranian oil output is expected to exceed 2mn b/d in June, with exports averaging about 1.4mn b/d. This compares with an average production of about 1.6 to 1.7mn b/d, with exports around the lan b/d mark, during the March-May period.

Of the...