Monday, 17 June 2024

Reuters survey: OPEC oil production declined in March, led by ‎Angola and Iraq

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A Reuters survey showed today, Friday, that the Organization of the Petroleum Exporting Countries (OPEC) oil production declined in March due to maintenance work in oil fields in Angola and the disruption of part of Iraq’s exports, which increases the impact of the strict adherence of major producers to the production quotas contained in the OPEC alliance agreement. + to reduce supplies.

The survey showed that OPEC countries pumped 28.90 million barrels per day this month, down by 70 thousand barrels per day compared to February.

Production fell by more than 700,000 barrels per day, compared to September.

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