Exports rose 4.9% in six months to 5.55 million barrels a day Iran also boosts supplied to region after sanctions lifted Russian crude exports are on track to set a record this year, which is intensifying competition in Europe as Iran boosts shipments to the region. Exports rose 4.9 percent to 5.55 million barrels a day in the first half of the year from the same period in 2015. Russia’s output in June climbed 1.14 percent from a year earlier to 10.843 million barrels a day, with increases every month since July 2014, according to data from the Energy Ministry. “If production remains steady, then it will likely be a record year for exports,” said Christopher Haines, head of oil and gas at BMI Research. “This should mean competition is strong, especially with Iran sending more oil into southern Europe.” Russia, the world’s biggest energy exporter, signaled in April […]