Iran’s Crude Oil Price Rises in H1 2024: OPEC


TEHRAN (Tasnim) – Iran’s average crude oil price increased by $4.76 per barrel in the first half of 2024 compared to the same period last year, according to the Organization of Petroleum Exporting Countries’ (OPEC) latest report.

Iran’s crude oil price rose by $4.76 per barrel from January to June 2024 compared to last year’s corresponding period, the report said.

According to OPEC, Iran’s crude oil was sold at $83.65 per barrel.

This is while Saudi Arabia's crude oil price decreased 29 cents and reached $85.31 per barrel, it said, Mehr news agency reported.

The OPEC’s average crude oil price in June 2024 decreased 37 cents and reached $83.32 per barrel, the report added.