Iran to reach 4m bpd oil output by March 2017 - Iranian OilMin

Iranian oil minister Bijan Namdar Zangeneh was quoted by reporters that Iranian oil exports is likely to reach 2.25m bpd in one year, while output is expected to reach 4m bpd by March 2017.

Meanwhile, oil prices are still extending higher with Brent up +2.35%, while WTI rallies over +3%.