Venezuela’s output falls to 690,000 b/d as sanctions deadline looms Iraq, UAE to be main sources of OPEC growth in 2019 EIA sees ‘generally balanced’ market in 2020 Washington — OPEC crude oil production was essentially flat in June as Saudi Arabia’s output rose 200,000 b/d month on month while Iran’s output fell by 200,000 b/d, the US Energy Information Administration said Tuesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now EIA estimated total OPEC output at 29.9 million b/d, down 30,000 b/d from May to the lowest level since mid-2014. Saudi Arabia pumped 10.1 million b/d in June, after three months below 10 million b/d, EIA said in its Short-Term Energy Outlook. EIA estimated Iranian oil production at 2.1 million b/d in June, down from 3.78 million b/d a year earlier, before US sanctions were re-imposed. S&P Global Platts Analytics expects Iran’s crude […]