Comments from Iran's deputy oil minister:

  • Iran hopes to return to pre-sanctions oil exports of about 2.5 mln bpd in 3 months once sanctions lifted
  • Iran in talks with Asian oil buyers to increase volumes when sanctions are lifted
  • Says geopolitical tensions in middle east boosting oil prices, sees $80/bbl by end 2016
  • OPEC unlikely to cut production at June meeting

Some favourable comments for oil. Funny that.

Headlines via Reuters