Increased production in Iran and Iraq continue pushing OPEC production higher
In OPEC’s April Monthly Oil Market Report, secondary sources showed production for the group rose from February to March. Total OPEC production was up 14.9 MBOPD due to increased production from Iran and Iraq. Crude oil production for the group as a whole reached 32.23 MMBOPD.

The combined OPEC and non-OPEC meeting to discuss a production freeze, which helped to push oil prices back above $40 per barrel, will be held this Sunday in Doha, Qatar. The deal is lik...

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