Iran was producing about 3.98 million bpd in November, according to a Reuters survey. Its official output ceiling is 3.964 million bpd.
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Iran Join Others
Iran will comply with the OPEC's decision to suppress extra output
Iran will comply with the OPEC's decision to suppress extra output and pump crude oil at its official quota.
Ali Majedi, deputy minister of foreign affairs of Iran, said that hiscountry will surely join other OPEC members.
OPEC agreed last Friday to remove about 1 million barrels per day of crude supply above formal limits from the market, although Iran was exempted from making any cuts as it was already pumping in line with its ceiling.
Iran was producing about 3.98 million bpd in November, according to a Reuters survey. Its official output ceiling is 3.964 million bpd.
Iran was producing about 3.98 million bpd in November, according to a Reuters survey. Its official output ceiling is 3.964 million bpd.
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