Iran (IMNA) - According to numbers detailed in a Saturday article by the ILNA news agency, Iran produced 2.567 million barrels per day of crude oil in March, a decrease of 8,000 bpd from February.
The lower output paralleled a 0.29% fall in OPEC oil production in March.
According to OPEC figures, the average price of Iranian Heavy crude grade hit $78.8 per barrel in March, down from $81.88 per barrel in February.
In accordance with OPEC predictions, global demand for crude oil would average 101.89 million bpd, up 2.33% over last year's average demand.
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