Iran’s Oil Price, Output Surge in March 2024: OPEC
TEHRAN (Tasnim) – 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.
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.