OPEC puts Iran’s Aug. oil output at 3.584m bpd

Iran produced 3.584 million barrels per day (bpd) of oil in August, a 150,000 bpd decrease from 3.734 million bpd in July, according to OPEC’s latest monthly report published on September 12 citing secondary sources. The OPEC’s report also put Iran’s oil output based on direct communication at 3.806 million bpd, unchanged compared to July. Meanwhile, the country’s average heavy oil price was $70.46 in August, down $0.98 or 1.4 percent from $71.44 in July.