OPEC: Iran’s oil production is still on the rise
According toMehr News Agency to Quoting from the Secretariat of the Organization of the Petroleum Exporting Countries (OPEC), the OPEC secondary sources report shows that in the month of August, 12 members of this organization produced 26 million 588 thousand barrels of oil, which was 197 thousand The barrel is less than 26 million and 784 thousand barrels in July.
According to OPEC’s August report, after Saudi Arabia with a daily production of eight million and 983 barrels and Iraq with a daily production of four million and 228 thousand barrels, Iran with a daily production of three million and 277 thousand barrels maintained the position of the third producer of this organization.
According to the report of secondary sources, Iran produced three million and 277 thousand barrels of crude oil in August, which was four thousand barrels more than in July 2024 (July-August). is.
According to this report, the production of seven members of this organization increased during the period under review, and the largest increase in production with 57,000 barrels per day is related to Nigeria. Iran, Venezuela and Libya are exempted from the agreement to reduce the supply of producers of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC (OPEC Plus).
According to the latest OPEC monthly report, the price of Iran’s heavy crude oil in August, compared to July 2024, decreased by 6 dollars and 94 cents, equivalent to 8.2%. The price of Iranian heavy crude oil was recorded at 77 dollars and 63 cents in August 2024. While this figure was 84 dollars and 57 cents per barrel in July 2024.
The average price of Iranian heavy crude oil in 2024 was 82 dollars and 86 cents. The price of the OPEC oil basket reached $83.3 cents per barrel in July 2024, which is $6.2 cents (7.1%) more than in July 2024.
According to the latest monthly report of the OPEC Secretariat (September), the global demand for crude oil for 2024 will increase by 2.3 million barrels per day. The total world oil demand for 2024 is predicted to be 104 million and 240 thousand barrels, while this figure was unchanged in the estimate of the September report for July.
In its monthly report, OPEC also predicted that global oil demand will increase by 1.740 million barrels per day in 2025 and reach a total of 105.990 million barrels per day.
