Weekend Brent – Iran’s oil exports have surpassed their 1.4 million barrels per day target

<p>While the Saudi's continue to cut and extend their cuts, Iran is pumping exports at an increasing pace. </p><p>Gulf media (Al Arabiya) reported over the weekend, citing the head of Iran’s Plan and Budget Organization:</p><ul><li>“ the government aims at exporting 1.4 million oil barrels per day, an objective which has now been surpassed thanks to the Oil Ministry’s efforts”</li></ul><p>This is still short or Iranian exports prior to the re-imposition of US sanctions in 2018. Iranian oil exports then were about 2.8 million barrels per day.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.