Iran had come back “much faster and stronger than anyone had expected” on the back of production increases and the export of floating storage, said Helima Croft, global head of commodity strategy, RBC Capital Markets, at the Platts Global Crude Oil Summit in London, noting that in April Iran had produced 700,000 bpd more than in January

The number of onshore wells drilled in the Middle East continues to rise, bucking the global trend, according to market research provider Douglas-Westwood

Kuwait is targeting an almost 50 per cent increase in oil production over the next four years in a bid to secure future economic growth 

Following the start of production of the Nidoco North 1X exploration well and the Nidoco North West 4 development well, Eni has brought the production of the Nooros field, located in Egypt’s Abu Madi West Concession, to around 65,000 boepd