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May a big month for Iran amid rising crude oil output

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Escuchar: May a big month for Iran amid rising crude oil output

Iran's crude oil production is close to pre-sanctions levels, according to the S&P Global Platts OPEC survey, but can the country push on further? Associate director Paul Hickin and senior editor Eklavya Gupte shed light on the diversification of Iranian crude export destinations, as it faces the uncertainty of Iranian elections on May 19 and bids to lure in global expertise through a new contract model. OPEC also meets next month to discuss extending the current output cuts and Iran's rising production profile is likely to be in focus.

Read our related analysis: Iranian oil exports dip in March, floating storage almost cleared


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