Published:
15 Apr 2021 03:01 GMT
Tehran produces in March 2.3 million raw material barrels, according to the International Energy Agency.
The monthly information from the International Energy Agency (AIE) reveals that Iran, following the sanctions imposed by the EU, has increased its oil production to a maximum since 2019.
According to the body, Tehran increased production by 110,000 barrels per day and produced in March 2.3 million barrels of crude diary, which exceeds the highest level in both cases.
The Islamic Republic sums up its figure of 1.5 million barrels in Washington and Tehran by an agreement that levies the restrictions imposed on the White House, according to the AIE and Bloomberg.
The prognosis of world demand
At the general level, the agency has strengthened the prognosis in alza for the global oil demand this year, while acknowledging that the global economy is recovering from the pandemic. “The huge excess in global oil inventories that are accumulating during the impact of covid-19, in compliance with the demand of the past year, is being resolved. Vacation campaigns are accelerating and the global economy will be in better conditions “, explains the AIE.
The agency raised 230,000 barrels by its estimates for the crime of this year’s oil consumption, up to 5.7 million diaries. On the other hand, the calculation is in the middle of a more solid perspective on relations between EE.UU. and China, which is in the world to recover around three thirds of the lost demand in the past year.
Although the prices of petroleum “could be a new pressure in the near future”, it is up to the OPEP plans and its allies to review part of the production that will take place during the crisis, which can lead to failures, the report said.
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