Data by the British Petroleum shows Iran’s oil production rose by 17.4% in 2021 despite US sanctions.

Industry experts warn that gas prices may go up again as many of the issues that contributed to the summer hike as still a factor.

According to the US Labor Department, the annual inflation rate rose to 8.6% in May, shattering any of relief from the skyrocketing inflation.

Iran’s largest crude producer says its output has increased by 600,000 bpd compared to early August.

The OPEC+ alliance decides to continue with gradual monthly increases in global oil output.

Iran’s vision for the new year is to ramp up crude oil production above 4 million barrels per day, CEO of the National Iranian Oil Company Mohsen Khojastehmehr says.

Iran has begun production from the second oilfield in southern Fars province at a rate of 9,000 barrels per day (bpd), the CEO of the National Iranian Oil Company (NIOC) has said.

British Health Secretary Sajid Javid has defended Prime Minister Boris Johnson’s decision to travel to Saudi Arabia to lobby for action to keep oil prices in control amid a spiraling crisis in the global energy market.

Oil Minister Owji says Iran’s oil output will reach its maximum within 1-2 months from a deal in Vienna.

Nigerian minister says no need for extra OPEC+ oil production as he expects more Iranian oil in markets.