OPEC’s crude oil production for February was, on average, 150,000 bpd more than it was in January, a Reuters survey found on Tuesday. OPEC’s February crude oil production rose to 28.97 million bpd, the survey said, but is still 700,000 bpd less than it was in September. OPEC+--responsible for producing around 40% of the world’s crude oil-- cut its oil production targets as demand took a tumble during the pandemic. The group slowly raised its production targets last year as demand increased but consistently failed to…
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