Iran's government has announced a plan to significantly boost oil production to 4 million barrels per day. This target surpasses pre-sanction levels and raises questions about its feasibility.

Iran to boost oil production to 4 million barrels per day

Barclays said on Tuesday oil prices will be impacted by $2 per barrel on the potential economic fallout from the coronavirus outbreak in China. More than 100 people have died and over 4,000 cases of the new virus have been confirmed in China, leading authorities to increase preventive measures, impose travel restrictions and also extend the Lunar New Year holidays to limit the spread of the virus.

Barclays sees $2 per barrel impact to oil prices as virus fears threaten demand

Cairn India has been operating for more than 20 years playing an active role in developing India's oil and gas resources

Cairn India lines up $4.3 bn to add 100,000 barrels per day of oil

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Iran to boost oil production to 4 million barrels per day

Barclays sees $2 per barrel impact to oil prices as virus fears threaten demand

Cairn India lines up $4.3 bn to add 100,000 barrels per day of oil