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Increase in Iranian oil prices to $ 74 / $ 27 growth in the 9-month average price


According to the correspondent of Fars News Agency’s International Economic Group, the Organization of the Petroleum Exporting Countries, OPEC in its latest report, citing secondary sources, stated: Iran’s oil production in September 2021, equal to September 1400, reached 2 million 503 thousand barrels per day. Compared to the previous month, it has increased by 22,000 barrels per day.

Iran’s oil production in August, ie August, was equal to 2 million and 482 thousand barrels per day.

According to this report, Iran produced 2,470,000 barrels of oil in June (June) and 2,437,000 barrels of oil per day in May (April), compared to the previous month of April 2021. (April 1400) was 2 million and 422 thousand barrels per day.

Iran had produced 2,328,000 barrels of oil in March 2021.

* Maintain fourth place in OPEC

In April or April 1400, Iran overtook Kuwait as the fourth largest oil producer in OPEC, and has maintained that position ever since.

Currently, Saudi Arabia with 9 million 678 thousand barrels per day, Iraq with 4 million 139 thousand barrels per day and the UAE with 2 million 789 thousand barrels per day are the three largest oil producers in OPEC. .

Iran is the third largest before the US sanctions from 2018Most OPEC was the largest oil producer after Saudi Arabia and Iraq.

* Average Iranian oil production in previous years

Iran has produced an average of 1,988,000 barrels per day in 2020, 2,356,000 barrels per day in 2019, 3,553,000 barrels per day in 2018 and 3,813,000 barrels per day in 2017. .

Iran produced 2.493 million barrels of oil per day in the third quarter of 2021; This figure was 2 million 443 thousand barrels per day in the second quarter of this year and 2 million 214 thousand barrels per day in the first three months of this year.

The amount of Iranian oil production in the fourth quarter of 2020 is 2 million and 3 barrels per day, in the third quarter is 1 million and 948 thousand per day, in the second quarter, 1 million and 949 thousand per day and in the first quarter, 2 million and 59 barrels per day It is estimated at one thousand barrels of oil.

* 151 thousand barrels increase in OPEC oil production

According to the report, the oil production of the 13 member countries of this organization in September 2021 (September 1400) is 27 million and 328 thousand barrels per day, which shows a daily increase of 486 thousand barrels compared to August. OPEC produced 26 million 842 barrels of oil per day in August.

* Increase in Saudi oil production by 69,000 barrels

In September, Saudi Arabia produced 139 thousand more barrels of oil per day and its production reached 9 million 678 thousand barrels. The country produced 9,539,000 barrels per day in August.

* Allocation of the largest decrease in production to Venezuela and the largest increase in production to Nigeria

All but three countries increased production, with Nigeria having the largest increase at 156,000 barrels. Three countries, Venezuela, Libya and Congo, saw production decline, with Venezuela declining the most at 6,000 barrels per day.

Guinea and Venezuela did not increase or decrease production, and their production did not change from last month.

Iran, Libya and Nigeria are exempt from the production reduction agreement.

* $ 4 increase in Iranian oil prices

The average price of a barrel of Iranian heavy oil in September 2021 (September 1400) increased by $ 3 and 74 cents compared to the previous month reached $ 74.08.

Iranian oil traded at $ 70.34 a barrel in August.

* $ 27 average growth of Iranian oil prices in the first 9 months of 2021

Iranian oil has so far sold an average of $ 66.65 per barrel since this year. This is while the average price of Iranian oil in the same period last year was sold at $ 39.64 per barrel, which means that the average price of Iranian oil in the first 9 months of this year is $ 27.01 higher than the same period in 2020.

The average price of Iranian oil in 2020 is estimated at $ 40.77 per barrel, in 2019 equal to $ 61.85 per barrel.

According to the report, this figure is $ 67.97 and $ 49.60 per barrel in 2018 and 2017, respectively.

The price of Iranian oil in February 2020 had dropped by nearly $ 10. February was the month in which most of the post-China world was affected by the virus کووید It was 19.

* Increase in the price of all types of OPEC oil

According to the OPEC Monthly Report, all OPEC oil prices rose this month, with Kuwait exporting the most, at $ 3.86.

The average price of the OPEC oil basket in September increased by $ 3 and 55 cents compared to the previous month, reaching $ 73.88 per barrel. The figure for the OPEC oil basket in August was $ 70.33 a barrel.

Saudi oil traded up $ 3.65, up $ 75.01 a barrel.

Brent North Sea crude traded at an average of $ 74.40 a barrel this month, up $ 3.60 from the previous month, and US crude traded at $ 71.63 a barrel, up $ 71.46. Is.

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