OPEC Oil Output Surges as Iran Looks to Regain Market Share
member group boosted output by 484,000 barrels a day/ Iranian production rose a fourth month after sanctions lifted/ OPEC crude production surged in April, led by Iran, which is seeking to regain market share after sanctions were lifted early this year. The Organization of Petroleum Exporting Countries increased production by 484,000 barrels to 33.217 million a day in April, the most in monthly data compiled by Bloomberg going back to 1989, according to a survey of oil companies, producers and analysts./ Negotiations between OPEC members ...
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