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OPEC oil output fell in March - survey

OPEC oil output fell in March - survey

The monthly OPEC survey from Reuters showed production down 70k bpd in March to 28.90 million barrels per day. The dips came on maintenance in Angola and a halt in some Iraq exports.

Nigeria, meanwhile, increase output as it was able to restore production and clamp down on theft.

In the US, January data was released from the EIA and showed production at 12.46 mbpd, which is the highest since March 2020. On the demand side, product supplied rose to 19.54 mbpd, which was the highes... Read More

Posted: Mar 31 2023, 16:17
Author Name: forexlive
Views: 111547

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