CNBC | IEA report: Global oil supply hit a record high in August despite Iran, Venezuela fallout CNBC Tehran is facing the loss of most of its energy export markets as the Trump administration prepares to sanction its oil sales on November 4 after pulling out of the Iran nuclear deal in May. August saw Iran's production drop dramatically by 150,000 bpd ... Venezuela and Iran tests loom for tightening oil market, IEA says Global oil demand to top 100 million bpd but outlook may cloud Global oil demand to top 100 million bpd, but outlook clouds - IEA |