\n
TEHRAN \u2013 According to OPEC\u2019s first report of 2025, Iran maintained its position as the organization\u2019s third-largest oil producer in December 2024, with an average daily production of 3.314 million barrels.<\/p>\n
Data from OPEC\u2019s Secretariat revealed that the organization\u2019s 12 member states produced a combined total of 26.741 million barrels per day (bpd) in December, marking an increase of 26,000 bpd from November. Saudi Arabia and Iraq retained their positions as the top two producers, with daily outputs of 8.938 million barrels and 4.019 million barrels, respectively.<\/p>\n
Production from OPEC+ members, which includes OPEC countries and allied producers, reached 13.913 million bpd in December, a decrease of 40,000 bpd compared to the previous month. Overall, the combined output of OPEC and its allies in December totaled 40.654 million bpd, slightly lower than November\u2019s 40.669 million bpd.<\/p>\n
Iran\u2019s heavy crude oil price averaged $73 per barrel in December 2024, reflecting a $0.19 (0.3 percent) increase compared to $72.81 in November. For the entire year of 2024, the average price of Iran\u2019s heavy crude stood at $79.71 per barrel.<\/p>\n
Meanwhile, the OPEC Reference Basket price averaged $73.07 per barrel in December 2024, a $0.66 (1.0 percent) rise from the previous month.<\/p>\n
OPEC\u2019s January report forecasts that global oil demand will grow by 1.45 million bpd in 2025, reaching a total of 105.2 million bpd. The organization also projects that global demand will rise by an additional 1.43 million bpd in 2026, bringing the total to 105.63 million bpd.<\/p>\n
EF\/<\/p>\n<\/p><\/div>\n
\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"TEHRAN \u2013 According to OPEC\u2019s first report of 2025, Iran maintained its position as the organization\u2019s third-largest oil producer in December 2024, with an average daily production of 3.314 million barrels. Data from OPEC\u2019s Secretariat revealed that the organization\u2019s 12 member states produced a combined total of 26.741 million barrels per day (bpd) in December, …<\/p>\n","protected":false},"author":1,"featured_media":18328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[60,6348,1151,1153],"class_list":["post-18327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-economy","tag-iran-oil","tag-iran-oil-production","tag-opec-report"],"_links":{"self":[{"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/posts\/18327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/comments?post=18327"}],"version-history":[{"count":0,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/posts\/18327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/media\/18328"}],"wp:attachment":[{"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/media?parent=18327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/categories?post=18327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/tags?post=18327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![](\"https:\/\/en.hamsonews.com\/wp-content\/uploads\/2025\/01\/5335469.jpg\")
<\/p>\n