Iran Aims For Highest Oil Production Since 2008

by James Burgess
Oil Price

Iran has agreed to join an output freeze after it reaches 4 million barrels per day in production, which essentially means that it will not entertain any freezing of its output until it gets its production back up to its highest level since 2008.

This was the result of talks between Iran and Russia over the weekend, and it comes ahead of another meeting—possibly in April—between Russia and OPEC countries, and while not surprising, it still managed to send oil down Monday from its three-month high.

Continue Reading at OilPrice.com…