OPEC saw its crude oil production decline by 48,000 barrels per day (bpd) in April compared to March, the organization’s monthly report showed two weeks before the crucial meeting at which the wider OPEC+ group is set to decide on production levels after June. Total crude oil production of all 12 OPEC members averaged 26.58 million barrels per day (bpd) in April, down by 48,000 bpd compared to March, according to secondary sources in OPEC’s closely-watched Monthly Oil Market Report (MOMR) published on Tuesday. Iran, exempted…
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