Iran again boosts OPEC oil output in April -Reuters survey
- 4 years ago
OPEC oil output has risen in April as higher supply from Iran countered involuntary cuts and agreed reductions by other members under a pact with allies, a Reuters survey found, adding to signs of a 2021 recovery in Tehran's exports.
The 13-member Organization of the Petroleum Exporting Countries pumped 25.17 million barrels per day (bpd) in April, the survey found, up 100,000 bpd from March. Output has risen every month since June 2020 with the exception of February.
Iran's exports are rising as talks take place to revive a 2015 nuclear deal which could eventually allow more oil to the market.
Comments