OPEC Oil Prices

Iran crude oil output up 0.8% in September: OPEC sources

Latest figures by the Organization of Petroleum Exporting Countries (OPEC) show that Iran’s crude output rose slightly in September to reach 2.503 million barrels per day (bpd).

The figures, published in a report by Iran’s Fars news agency on Saturday, showed that Iran’s September oil output had increased by 21,000 bpd or 0.84% compared to production figures reported in August.

OPEC gathers its crude output data based on information provided by secondary sources.

Monthly output tables provided by the organization this year have shown that Iran has managed to increase its crude production against figures reported in 2020.

Analysts believe the surge proves Iran is actually exporting more crude despite continued American pressure on its energy sector.

 

Source: Press TV