Classic Layout

Iran Cuts Oil Output by 200,000bpd

TEHRAN (FNA)- Iran has cut oil production by 200,000 barrels per day (bpd) from 4.04 million bpd, in line with OPEC’s Oct. 24 decision to find ways to support declining crude prices, a director of the National Iranian Oil Company (NIOC) said on Friday.

Read More »