Iran’s Oil Price, Output Surge in March 2024: OPEC

The Organization of Petroleum Exporting Countries (OPEC) in its latest report revealed that Iran’s oil production volume increased 28,000 barrels per day in March 2024.

News ID: 835920

EghtesadOnline: In addition, Iran’s heavy oil price also has increased $3 in the reported month, OPEC added.

Iran’s oil production volume reached 3.188 million barrels per day (bpd) in March 2024, showing a 28,000 barrels hike compared to a month earlier.

The OPEC total crude oil production volume reached 26.604 million barrels of oil per day (bpd) in March 2024, showing a 3,000 barrels per day hike compared to a month before.

According to this report, the price of each barrel of Iran’s heavy crude oil in March 2024 reached $83.48, showing a $3.14 hike compared to a month earlier.

The average oil price of OPEC in March 2024 reached $84.22, showing a $2.99 growth compared to a month before, the report added. / Tasnim