| Iran was the third leading producer within the Organization of Petroleum Exporting Countries in May, outpacing the United Arab Emirates, OPEC said in its Monthly Oil Market Report. Iran produced 2.845 million barrels of oil per day in May, the report said, ranking Iran behind Saudi Arabia and Iraq at third place.
The UAE produced 2.83 million barrels of oil per day in May. Saudi Arabia and Iraq were the two leading producers, with 10.107 million barrels per day and 3.8 million barrels per day output, respectively. According to the report, total OPEC crude oil production averaged 30.98 million barrels per day in May, an increase of 24 thousand barrels per day over the previous month...............................................Full Article: Source
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