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OPEC production fell 50K bpd in January - survey

OPEC production fell 50K bpd in January - survey
  • January output falls 50K bpd from December to 28.87 million barrels per day
  • Members complied with quota cuts at 172% vs 161% in December
  • Members undershoot Jan output target by 920k bpd vs 780k bpd in December

Iraq had a fresh production decline in January, according to the survey.

Nigeria repeatedly pledges to get its production on track but there was no progress in January. However a good portion of the missing barrels are being stolen so those presuma... Read More

Posted: Jan 31 2023, 13:54
Author Name: forexlive
Views: 102011

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