OPEC likely raised its total oil production in April, driven by another supply increase from Iran, one of the three OPEC members exempted from the OPEC+ production cuts, according to the monthly Reuters survey . Iran raised its oil production by as much as 200,000 barrels per day (bpd) in April compared to March, to reach output of 2.5 million bpd, the Reuters survey showed on Friday. Iran’s supply increase was the largest among all OPEC members, according to the survey of OPEC sources, sources at oil firms, and tanker-tracking data. As a result of Iran’s higher output, the total production of all 13 members of OPEC rose by 100,000 bpd month over month to 25.17 million bpd in April. The recent surveys and tanker tracking data show that Iran has been boosting its oil production and supply to the market in recent months. In March, for example, it […]