•  Iran is boosting exports of both crude oil and refined products after international sanctions were lifted in January. Crude production has steadily increased from 2.89mn b/d in December to 2.97mn b/d last month, with growth likely to accelerate (MEES, 11 March 2016).

•  Latest Jodi data (see p10) shows increased crude exports, refinery intakes and products exports for January, with the crude figure boosted by drawing down stocks. Iran claims to have exported 1.55mn...