Iran Boosting Oil Production in Possible Hitch to OPEC Deal

  • Country currently producing 3.89 million barrels a day
  • Iran doesn’t accept OPEC secondary-source output estimates

Iran, OPEC’s third-biggest member, plans to boost its oil output to 4 million barrels a day this year, potentially complicating the producer group’s plan to cut supply in an effort to prop up prices.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.