July crude output rises in Saudi Arabia, Iraq, and Iran but dips in UAE, says IEA

Deep News

08/12

The International Energy Agency (IEA) reported in its monthly publication that oil production in Saudi Arabia, Iraq, Kuwait, and Iran saw a month-over-month increase in July, while output in the United Arab Emirates declined following attacks on shipping in the region.

Saudi Arabia crude supply rose by 900,000 barrels per day (bpd) to reach 8.2 million bpd in July.

UAE crude production fell to 3.9 million bpd.

Iraq output climbed by 470,000 bpd to 2.9 million bpd, Iran production increased by 330,000 bpd to 2.6 million bpd, and Kuwait output grew by 290,000 bpd to 1.8 million bpd.

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