Iran drives unplanned OPEC crude oil production outage to highest levels since late 2015

Unplanned crude oil production outages for the Organization of the Petroleum Exporting Countries (OPEC) averaged 2.5 million barrels per day (b/d) in the first half of 2019, the highest six-month average since the end of 2015. EIA estimates that in June, Iran alone accounted for more than 60% (1.7 million b/d) of all OPEC unplanned outages. Source: Today in Energy – Iran drives unplanned OPEC crude oil production outage to highest levels since late 2015

Continue reading Iran drives unplanned OPEC crude oil production outage to highest levels since late 2015. This article appeared first on CTRM Center.

Source: CTRM Center

Related Posts

Leave a reply