Iran Projects Crude Production of 4.5M b/d
The Managing Director of the National Iranian Oil Company (NIOC), Ali Kardor, projects that Iran will be producing 4.5 million barrels per day (b/d) of crude oil by the end of 2022.
The Managing Director of the National Iranian Oil Company (NIOC), Ali Kardor, projects that Iran will be producing 4.5 million barrels per day (b/d) of crude oil by the end of 2022.
The International Energy Agency (IEA) increased its growth estimate for global oil demand in 2017 to 1.6 million barrels per day (b/d) from 1.5 million b/d.
OPEC production fell in August as Saudi Arabia cut back its production