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Iran’s Oil Supplies Are One More Challenge for OPEC+

Por: MarketWatch Business June 24, 2023

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Since 2016, OPEC has been cooperating with 10 non-OPEC countries, including Russia, to manage production. Or at least, most OPEC members have been cooperating: Iran, Libya, Venezuela have been exempt from production targets in recent years. In Iran’s case the exemption dates to 2019 following the reimposition of U.S. sanctions, which caused production and exports to decline sharply. (Libyan and Venezuelan production has also declined in recent... + full article



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