In March, OPEC+ producers saw the biggest decline in their collective production in 10 months, as output fell by 680,000 barrels per day (bpd) to 37.64 million bpd, an assessment by Energy Intelligence showed this week. Russia, which said it was cutting oil production in March, as well as Nigeria accounted for most of the OPEC+ oil production drop. Declines in Russian and Nigerian oil production accounted for 440,000 bpd, or two-thirds, of the March drop in OPEC+ output, according to Energy Intelligence. In March, oil production from the…
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