Saturday, May 25, 2024

Report: Iran ahead of other OPEC members in terms of rise in crude output in March

The Organization of Petroleum Exporting Countries (OPEC) says Iran took the lead among oil producers in March 2024 when it produced 3 million 188 thousand barrels per day (bpd) of crude, 28,000 bpd more that its output in February.

A report by OPEC’s Secretariat indicates that overall output by the 133 member states hovered around 26 million 604 thousand bpd in March, 3 thousand bpd more than the figure in February.

Based on the report, Iran maintained its third place among OPEC producers after Saudi Arabia with an output of 9 million 37 thousand bpd and Iraq with a crude production of 4 million 194 thousand.

The production rise comes as Iran is under draconian US sanctions.

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