ECONOMY
IEA: Global oil production tops 100 million barrels in June
![IEA: Global oil production tops 100 million barrels in June](/files/2019/2/1200x630/15629308692206048807_1200x630.jpg)
Baku, July 12, AZERTAC
Global oil supply increased by 300 thousand barrels per day to 100.28 million barrels per day (mbpd), topping the 100 mb/d mark for the first time since January, according to data from the International Energy Agency (IEA), Anadolu Agency reports.
“The bulk of the increase stemmed from Kazakhstan while "higher flows from the U.S., Brazil, Nigeria and Russia also contributed," according to the IEA's Oil Market Report.
Output in Kazakhstan in June rose by 280 thousand b/d to 2.03 mbpd. Meanwhile, OPEC production fell by 90 thousand b/d to 29.91 mbpd, led by losses from Iran, Iraq and Angola. The cartel's output is hovering at a five-year low, the IEA said.
Crude production in Iran declined by 120 thousand b/d in June to 2.28 mbpd, "hovering at a three-decade low as the U.S. seeks to eliminate Iranian exports," the agency added.
FEEDBACK
Other news in this section
- 29.08.2023 [10:41]
Oil prices fall in world markets
- 29.08.2023 [10:34]
Azerbaijani oil price sells for $88.56
- 28.08.2023 [16:41]
Shah Deniz celebrates 200 billion cubic metres of total gas production
- 28.08.2023 [10:49]
Oil prices rise in world markets
- 26.08.2023 [10:53]
Azerbaijani oil price exceeds $88
- 26.08.2023 [10:36]
Oil prices rise in world markets
- 25.08.2023 [11:00]
Azerbaijani oil price drops in world markets
- 25.08.2023 [10:21]
Oil prices rise in world markets
- 24.08.2023 [10:57]
Oil prices fall in world markets
France to deploy 30,000 police after election runoff amid fears of violence
- 04.07.2024 [20:39]
World's oldest cave art found showing humans and pig
- 04.07.2024 [20:26]
UN Geneva Director-General visits Azerbaijan
- 04.07.2024 [19:00]
Azerbaijan joining Afforestation Conference in Congo
- 04.07.2024 [18:37]
President Ilham Aliyev completed his visit to Kazakhstan
- 04.07.2024 [18:35]
UN chief to leaders of regional bloc: end wars, deal with existential crises
- 04.07.2024 [17:43]
Azerbaijan Army conducts tactical-special exercise
- 04.07.2024 [17:15]
President of North Macedonia invited to COP29
- 04.07.2024 [16:25]
Azerbaijani U20 wrestlers rank 3rd at European Championships
- 04.07.2024 [15:56]
Azerbaijani judokas to fight for glory at Prague Junior European Cup 2024
- 04.07.2024 [15:48]
GM fined nearly $146 million for excess emissions from 5.9 million vehicles
- 04.07.2024 [15:30]
Titian masterpiece stolen and found at bus stop sells for €20m
- 04.07.2024 [15:29]
Azerbaijan, Uzbekistan Central Banks sign MoU
- 04.07.2024 [15:28]
Belarus becomes SCO member state
- 04.07.2024 [15:15]
Xi says China to assume rotating presidency of SCO following Kazakhstan
- 04.07.2024 [15:11]
Students of Baku Higher Oil School to represent our country in London
- 04.07.2024 [15:08]
Central Bank: $61.3m worth of demand fully covered at FX auction
- 04.07.2024 [13:51]
Astana Declaration of Shanghai Cooperation Organization adopted
- 04.07.2024 [13:45]
Azerbaijan, Vatican hail development of relations
- 04.07.2024 [13:38]
® Bakcell launches VoWiFi technology for the first time in the country
- 04.07.2024 [12:15]
Baku Higher Oil School hosts Open Day
- 04.07.2024 [11:19]
Azerbaijani oil price down in global markets
- 04.07.2024 [11:11]
Oil prices rise in global markets
- 04.07.2024 [11:06]
Shanghai Cooperation Organization Summit gets underway in Astana
- 04.07.2024 [10:52]
Informal dinner was hosted in honor of the heads of delegations in Astana
- 03.07.2024 [22:14]
Azerbaijan to establish new type of special protection areas - geoparks
- 03.07.2024 [22:00]
‘Birth of leopard cubs has been observed only in Azerbaijan in the Caucasus’
- 03.07.2024 [21:16]
Azercosmos, Star.vision ink memorandum of understanding
- 03.07.2024 [21:01]
Japan issues first new banknotes in decades
- 03.07.2024 [19:50]
Azerbaijan, Cameroon explore prospects for sports cooperation
- 03.07.2024 [19:47]
Hyundai and LG Energy open Indonesia’s first battery cell factory
- 03.07.2024 [18:48]
China resolutely supports peace agenda proposed by Azerbaijan
- 03.07.2024 [18:47]
New Azerbaijan Party establishes Central Election Headquarters
- 03.07.2024 [17:44]
Ukrainian Ombudsman commends Azerbaijan's humanitarian assistance
- 03.07.2024 [17:32]
Everton sign forward Ndiaye on five-year deal
- 03.07.2024 [16:43]
Azerbaijani defense minister attends events in Belarus
- 03.07.2024 [16:25]
South Korean magazine highlights Azerbaijan's economic potential
- 03.07.2024 [16:16]
® "White Suits Girls" Project continues receiving international recognition
- 03.07.2024 [16:00]
Azerbaijani Para shooter clinches silver in Ranking tournament in Serbia
- 03.07.2024 [15:52]
Azerbaijani acrobatic gymnasts ready for action in Italy
- 03.07.2024 [15:41]
First manned launch to Russian Orbital Station scheduled to late 2028
- 03.07.2024 [15:06]
WindEurope, Azerbaijan convene Brussels` pre COP29 event
- 03.07.2024 [14:50]
Archaeologists uncovering 5th-century church in southeastern Türkiye
- 03.07.2024 [13:40]
World Bank approves $208 million for Zambia's drought response
- 03.07.2024 [12:46]
2 dead, 5 missing, 25,000 affected after Hurricane Beryl hits Venezuela
- 03.07.2024 [12:45]
Türkiye beat Austria 2-1 to reach EURO 2024 quarterfinals
- 03.07.2024 [12:23]
President Ilham Aliyev embarked on a visit to Astana, Kazakhstan VIDEO
- 03.07.2024 [12:09]
Oil prices rise in global markets
- 03.07.2024 [11:53]
Death toll rises to 14 in building collapse in S. Egypt
- 03.07.2024 [11:38]
Azerbaijani oil price rises in global markets
- 03.07.2024 [11:37]
® Azercell introduces a new Smartphone Campaign!
- 03.07.2024 [10:24]
Almost 1.8m people owe £50,000 or more in student debt
- 02.07.2024 [19:50]
Azerbaijan and NATO discuss military cooperation issues
- 02.07.2024 [19:45]
Dick Schoof: Ex-spy chief sworn in as Dutch prime minister
- 02.07.2024 [19:36]
Azerbaijani ambassador presents his credentials to Congolese President
- 02.07.2024 [19:21]
Pakistani ambassador completes his diplomatic tenure in Azerbaijan
- 02.07.2024 [18:56]
Media accreditation portal for COP29 launched
- 02.07.2024 [18:30]
Azerbaijan, Chinese BYD Company Limited sign documents on cooperation
- 02.07.2024 [18:05]
Water level in sections of China's longest river exceeds warning mark VIDEO
- 02.07.2024 [16:56]
Azerbaijani defense minister visits Belarus
- 02.07.2024 [16:45]
Azerbaijani rhythmic gymnasts ready for action in Zaragoza
- 02.07.2024 [16:15]
Potentially catastrophic hurricane Beryl moves towards Jamaica
- 02.07.2024 [15:46]