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ICYMI - OPEC’s crude production fell by the most in three years (via a Bloomberg survey)

A Bloomberg article overnight on tighter oil supply. Output from the Organization of Petroleum Exporting Countries plunged by 900,000 bpd last month to an average of 27.79 MMbpd, according to a Bloomberg survey. the biggest reduction since the group and its allies slashed supplies during the depths of the Covid pandemic in 2020There was also a report via Reuters:OPEC production fell 840K bpd in July - survey---Earlier today:Private oil survey data shows huge headline crude draw, MUCH larger than... Read More

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Posted: Aug 2 2023, 00:24

Author Name: forexlive

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