Iran’s Oil Production Rises 80,000bpd In May 2023

The International Energy Agency (IEA) on Sunday announced that Iran’s oil production volume in the fifth month of 2023 reached 2.870 million barrels per day (bpd). 

In its latest monthly report of the global oil market, the agency put the total oil produced by OPEC member states in May 2023 at 28.5 million bpd, showing a...