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Iran's crude oil output drops in July - OPEC

Oil&Gas Materials 16 August 2022 17:30 (UTC +04:00)
Iran's crude oil output drops in July - OPEC

TEHRAN, Iran, August 16. OPEC's latest report which has been released on August 13 says oil production in Iran has dropped by 11 tb/d to an average of 2.558 mb/d in comparison to July 2022, Trend reports citing OPEC’s Monthly Oil Market Report (MOMR).

According to secondary sources, the total OPEC crude oil output increased mainly in Saudi Arabia, the UAE, and Kuwait, while production in Iran, Venezuela, and Angola declined.

The total OPEC-13 crude oil production averaged 28.90 mb/d in July 2022, higher by 216 tb/d m-o-m.

The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.

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