{"id":2309,"date":"2017-12-18T01:13:23","date_gmt":"2017-12-18T02:13:23","guid":{"rendered":"http:\/\/madaresharghi.com\/irans-oil-eases-at-62\/"},"modified":"2017-12-18T01:13:23","modified_gmt":"2017-12-18T02:13:23","slug":"irans-oil-eases-at-62","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/irans-oil-eases-at-62\/","title":{"rendered":"Iran\u2019s Oil  Eases at $62"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tIran&#8217;s crude oil prices eased from their peak levels this year, but continued to trade firmly above the $60-per-barrel mark in the week to Dec. 8.<br \/> \tIran&#8217;s light crude dropped 71 cents to $62.03 per barrel in the week, averaging 51.73 a barrel for the year. Iran Heavy, one of the country&#8217;s main grades for export, settled down 30 cents at $59.47 a barrel, Shana reported on Sunday, citing a report by the Oil Ministry.<br \/> \tThe country&#8217;s light crude was trading close to $64 per barrel last month.<br \/> \tAverage prices of Iranian crude have soared by around $12 per barrel in 2017 from the previous year, according to a ministry report last week.<br \/> \tAccording to OPEC&#8217;s latest monthly report published on Dec. 13, Iran Heavy crude jumped $4.98 per barrel, or 9.2%, in November, to $59.27.<br \/> \tThe price of OPEC basket of 14 crudes stood at $60.87 a barrel on Thursday, compared with $61.5 the previous day, according to the latest OPEC calculations.<br \/> \tOil prices have been supported by last month&#8217;s extension of a supply cut pact between OPEC and some non-OPEC producers from March to the end of next year. Prices have also drawn support from political tensions in the Middle East and supply disruptions in Iraq, the United States and elsewhere.<br \/> \tThe accord has propelled crude benchmarks to their highest levels since the middle of 2015. Brent crude futures settled at $63.23 a barrel on Friday while US West Texas Intermediate crude futures traded at $57.3 a barrel. WTI hit a two-year high of $59.05 on Nov. 24.<br \/> \tUnder the scheme, Iran is expected to pump around 3.8 million barrels a day. The country is producing around the same level, according to government figures and data provided by OPEC&#8217;s secondary sources monitoring the production of the group&#8217;s member states.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi Iran&#8217;s crude oil prices eased from their peak levels this year, but continued to trade firmly above the $60-per-barrel mark in the week to Dec. 8. Iran&#8217;s light crude dropped 71 cents to $62.03 per barrel in the week, averaging 51.73 a barrel for the year. Iran Heavy, one of the country&#8217;s main grades [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[296,118,28,31,159,639,178,56,213,84,95,82,68,22,23,27],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Iran\u2019s Oil Eases at $62 - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/irans-oil-eases-at-62\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iran\u2019s Oil Eases at $62 - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi Iran&#8217;s crude oil prices eased from their peak levels this year, but continued to trade firmly above the $60-per-barrel mark in the week to Dec. 8. Iran&#8217;s light crude dropped 71 cents to $62.03 per barrel in the week, averaging 51.73 a barrel for the year. 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