The EIA said on Oct. 24, 2018 that it estimates Iranian production will be around 2.8 million barrels per day in 2019, lower than 3.8 million barrels in April, as a result of the sanctions. Uncertainty remains about how much, and how, will continue to be exported. Photo :EPA-EFE/Iran presidential office. Oct. 24 (UPI) — The Energy Information Administration said Wednesday that Brent futures will average $75 per barrel in 2019 and that once sanctions are implemented Iranian oil production will continue next year at a rate of about 2.8 million barrels per day. “The October Short-Term Energy Outlook assumes that the effects of sanctions will increase during the first few months of full implementation and that Iran’s average crude oil production (excluding condensate) in 2019 will fall […]