JP Morgan reveals Iran's oil production forecasts

Iran's oil production will amount to 3.7 million barrels per day (bpd) in 2016 and 3.9 million bpd in 2017, according to the forecasts of the US JP Morgan, Trend reports.

Since the start of the year, Iranian output has surged ahead of market consensus expectations with April output estimated at 3.5 million bpd, analysts said in a weekly Oil Market report.