May 12, 2023
ROLLER COASTER — The price of an OPEC barrel has been erratic lately, ranging from $70 to almost $90 over the last three months. Iran’s oil production and exports remain unknowns. The International Energy Agency (IEA)
estimated Iran’s total production at 2.65 million barrels a day in March. But Iran’s oil company, insisting it is pumping vastly more, put output at 3.84 mb/d.
