Iran oil production at highest level in 3 years
Iranian production climbed by 50,000 barrels a day to 2.9 million in August OPEC crude output increased in August as Iranian production climbed to the highest level in three years. Output by the Organization of Petroleum Exporting Countries rose 108,000 barrels to 32.316 million a day in August, according to a Bloomberg survey of oil companies, producers and analysts. Last month’s total was revised 101,000 barrels higher to 32.208 million a day, because of changes to the Iraqi estimate. Brent crude, the benchmark for more than half the ...
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