OPEC+ once again fell short of its oil production targets in May on continued production declines in many OPEC members, a survey by S&P Platts found, as cited by OPEC and Middle East managing editor Herman Wang. In April, OPEC alone missed its target by 2.7 million barrels daily, and while there was a slight improvement in May, the total was still well below quotas. Last month, production in Nigeria dropped to the lowest since Platts has been surveying OPEC output, Wang noted. Angola, Equatorial Guinea, and Congo also produced well below quotas…
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