OPEC+ Oil Output Books Steepest Decline Since July ...Middle East

Oil production by the members of the OPEC+ group fell by the most in six months in January, an S&P Global Platts survey has shown. Cuts agreed last year and field outages in Libya contributed to a combined 340,000-bpd monthly decline in OPEC+ production, the survey revealed, with the total at 41.21 million barrels daily. Of this, OPEC output stood at 26.49 million barrels daily and its partners’ output stood at 14.72 million barrels daily. The Platts figures confirm a Reuters survey from the end of January, which also…

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