Middle East oil production plunges due to Iran war, OPEC data shows (opens in new tab)

Crude oil production in the major Gulf Arab exporters plunged in March due to the Iran war, according to data released by OPEC on Monday. Iraq took the biggest hit with production collapsing 61% from 4.2 million barrels per day in February to 1.6 million bpd in March, according to OPEC’s monthly report. Output plunged […] The post Middle East oil production plunges due to Iran war, OPEC data shows appeared first on OODAloop.