The declining trend of Iranian oil prices was reversed in July

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This report also indicates that, in general, OPEC countries’ oil supply increased by 185,000 barrels in July and increased by 0.7%, so that only Saudi Arabia 97 thousand barrels per day for its oil production. He added, but Libya’s oil production has decreased.

OPEC also announced that each barrel of Iranian oil was sold at $84.57 cents in July, which has grown by more than one percent compared to the previous month.

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In its monthly report, this organization evaluated the forecast of oil demand for this year as 135 thousand barrels per day lower than the previous month’s report, and the figure is 104. 3 million barrels has been proposed and the reason for this is the prediction of a decrease in oil demand from China.

In general, each barrel of oil produced by OPEC member countries was sold at an average price of 84 dollars and 43 cents in July, which was lower than the average oil price of our country.