Oil Production Among OPEC Members Has Dropped More Than 30% Since Iran War Began

Oil production among OPEC members fell more than 30% since the beginning of the Iran war, the organization said. (Credit: AFP)

Oil production among OPEC members fell more than 30% since the beginning of the Iran war, the organization said.

In its latest monthly update, OPEC also lowered its demand growth forecast for the year to about 1.2 million barrels per day, compared to 1.4 million from the last report.