The US Energy Information Administration (EIA) in a report announced on Friday that Iran's oil production has increased by 40,000 barrels per day in the first quarter of 2023, adding that the country ranks second in terms of oil production growth among members of Organization of the Petroleum Exporting Countries (OPEC).
Figures by the US Energy Information Administration in a report entitled Short-Term Energy Outlook (STEO) show that OPEC's oil production was estimated at 28.44 million barrels per day in the first quarter of this year.
OPEC oil production fell by 480,000 barrels per day in the first quarter of 2023 compared to the previous quarter.
In the meantime, Iran’s oil output in March remained unchanged at 2.65 million barrels per day (bpd), compared to the previous month, according to the International Energy Agency (IEA).