According to the EIA report, Iran’s oil production volume in November 2023 reached above 3.2 million b/d for the first time since the US withdrawal from the JCPOA.
In February 2024, this record was maintained for the fourth consecutive month, and in the first month of 2024, Iran had produced 3,230 million b/d, accordingly.
As per OPEC's data, Iran's crude output in February 2024 totaled 3,148 mb/d.
According to OPEC's data, Iran's oil production in the reporting period declined by 15,000 b/d month-on-month from 3.16 million b/d in January 2024.
In OPEC’s March 2024 report, Iran maintained the position of the organization’s third oil producer in February, and the price of Iranian heavy crude oil increased by 20 cents to $80.34.
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