What a tumultuous week it has been (the first day seemed like a week, and the second day seemed like five days). The trifecta of monthly reports from EIA, IEA and OPEC this week have colluded to send crude prices bumbling, stumbling and tumbling lower. Hark, here are five things to consider in oil markets today: 1) Let’s dive straight into the OPEC report released today . Direct communication from Iran pegs production from the Persian Gulf state up 210,000 barrels per day from last month, the biggest increase since sanctions were lifted, boosting their production to 3.92 million bpd. (Click to enlarge) This initially makes sense from a ClipperData perspective , because exports appeared to have plateaued in recent months, reflected in a corresponding peak in Iranian production – affirmed by OPEC’s production data. Iranian export loadings last month, however, climbed above the […]