Iran's oil production in September 2026 has decreased to 1.94 million barrels per day. This figure shows a drop of 220,000 barrels compared to 2.16 million barrels per day in August. Meanwhile, Iran's sustainable crude oil production capacity is assessed at 3.80 million barrels per day, indicating the country's untapped surplus potential.
Analysis of Iran's Oil Production Status
According to the International Energy Agency report, the total crude oil supply from OPEC members in September 2026 reached 21.15 million barrels per day, reflecting an increase of 1.89 million barrels compared to August. In this context, Iran's crude oil supply has faced a significant decline, dropping from 2.16 million barrels per day to 1.94 million barrels per day.
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This decrease is influenced by disruptions in the country's export routes and fluctuations in the global oil market. Since 2026, Iran's oil production, which reached 3.4 million barrels per day in January, has now approached the export figure. The average oil production in Iran during the third quarter of 2026 has reached 2 million and 168 thousand barrels per day, indicating a downward trend compared to previous quarters.
Comparison with Other Producers
In comparison with other OPEC+ members, Saudi Arabia has achieved an increase in production of 2.33 million barrels to reach 8.30 million barrels per day during this period. Iraq also saw a growth of 520 thousand barrels, reaching 4.10 million barrels per day. In contrast, countries like Kuwait and Libya faced production declines. In September 2026, the total crude oil production of OPEC+ member countries reached approximately 39.07 million barrels per day, which shows an increase of 903 thousand barrels compared to August.
This situation is influenced by fluctuations in the global oil market and political and economic developments. Given that the data collection methods in various agencies may differ, there are always discrepancies in the reported statistics. However, the main point is that both reports emphasize the reduction of Iran's oil production to 1.9 million barrels per day.
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