{"id":7657,"date":"2023-09-15T14:01:05","date_gmt":"2023-09-15T14:01:05","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=7657"},"modified":"2023-09-15T14:01:05","modified_gmt":"2023-09-15T14:01:05","slug":"opec-report-iran-regains-position-as-third-largest-oil-producer-with-3m-bpd-output","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/7657\/","title":{"rendered":"OPEC report: Iran regains position as third-largest oil producer with 3m bpd output"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\"><p><span class=\"pre-content-text\"><a style=\"color: #0038a8;\" href=\"https:\/\/roydadnaft.ir\/English\/\">RoydadNaft &#8211; <\/a><\/span>\u00a0The Monthly Oil Market Report (MOMR) of the Organization of the Petroleum Exporting Countries (OPEC) showed that Iran has regained its position as the third-largest crude oil producer in August.<\/p>\n<p dir=\"ltr\" data-reader-unique-id=\"1\">According to the report, Iran\u2019s August oil output rose 143,000 barrels from a month earlier \u2013 the highest increase in the table \u2013 hitting 3 million barrels per day (bpd), following top producer Saudi Arabia and Iraq, respectively.<\/p>\n<p dir=\"ltr\" data-reader-unique-id=\"2\">According to secondary sources, total crude oil production of 13 OPEC member states averaged 27.45m bpd in August 2023, higher by 113,000 bpd month-on-month, the report added.<\/p>\n<p dir=\"ltr\" data-reader-unique-id=\"3\">Crude oil output increased mainly in Iran, Nigeria, and Iraq, while production in Saudi Arabia, Angola, and Venezuela decreased.<\/p>\n<p dir=\"ltr\" data-reader-unique-id=\"4\">Saudi Arabia\u2019s August oil output stood at 8.967m bpd and Iraq\u2019s at 4.277m bpd.<\/p>\n<p dir=\"ltr\" data-reader-unique-id=\"5\">Iran, Venezuela, and Libya are exempt from the existing OPEC+ deal to limit oil supply.<\/p>\n<p dir=\"ltr\" data-reader-unique-id=\"6\">The report also indicated that the average price of Iran\u2019s heavy oil rose by 7.5 percent month-on-month or $6.10 to $87.58 a barrel in August.<\/p>\n<p dir=\"ltr\" data-reader-unique-id=\"7\">Iran&#8217;s crude oil production reached 2.857mn bpd in July, which was then only 40,000 bpd short of becoming the third-largest oil producer in OPEC.<\/p>\n<p dir=\"ltr\" data-reader-unique-id=\"8\">The average daily oil production of Iran was 2.554m bpd in 2022, which is 162,000 bpd higher than the production level in 2021. Iran was the fifth-largest OPEC producer during the year.<\/p>\n<p dir=\"ltr\" data-reader-unique-id=\"9\">The OPEC producers had an average oil production of 28.861m bpd in 2022, which indicates a rise of 2.509m bpd from the previous year.<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2023-09-15T14:01:05+00:00\"> 15 September 2023<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"The Monthly Oil Market Report (MOMR) of the Organization of the Petroleum Exporting Countries (OPEC) showed that Iran has regained its position as the third-largest crude oil producer in August.","protected":false},"author":1,"featured_media":7658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18,22,36,19,16,1],"tags":[],"services":[],"class_list":["post-7657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headline","category-iran","category-lastnews","category-news","category-oil","category-opec"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/7657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=7657"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/7657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/7658"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=7657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=7657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=7657"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=7657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}