Iran reported crude oil production for July was the highest level it’s been in at least two years, the Organization of Petroleum Exporting Countries said. OPEC reports in its latest monthly market report Iran was among the 12 members contributing to overall gains in production in July, which saw crude oil prices shed at least $10 per barrel. “Financial concerns in Greece and China, as well as the outcome of the P5+1 talks on Iran’s nuclear program, have all contributed to the current bearish market conditions,” the production group said. Iran under the terms of a November 2013 agreement is allowed some oil exports in exchange for commitments to curb some of its nuclear research activity. In mid-January, Mohsen Rezaei , secretary of the […]