Iran to Increase Oil Output by 700,000 Barrels a Day

Iran is increasing oil production and can boost output by 700,000 barrels a day within two months if international sanctions on its economy are lifted, according to Oil Minister Bijan Namdar Zanganeh.

Saudi Feb. Oil Exports Up %3.5 as Iran, Iraq Leapfrogged

Saudi Arabia boosted crude exports by 3.5 percent in February to the highest in five months, while Iran’s shipments gained and Iraq sold the most oil for at least 12 years, the Joint Organisations Data Initiative said.