Iran’s Oil Output Close To 3.9M b/d

Oil

Iran’s oil production is close to 3.9M b/d, Reuters reports, citing the country’s oil minister. This compares with a target output of 3.975M b/d agreed as part of the deal by OPEC and non-OPEC oil producers to reduce their oil production levels. Iran’s oil production in December was 3.7M b/d, according to secondary sources data from OPEC’s Monthly Oil Market Report.