OPEC’s Oil Production Continued to Decline in January ...Middle East

OILPRICE - Economy
OPEC’s Oil Production Continued to Decline in January
source : OILPRICE ( Middle East ) () 48
OPEC’s oil production declined in January for a second consecutive month amid lower output from Iran and Nigeria, according to the monthly Reuters survey published on Wednesday. Last month, all 12 OPEC producers saw their combined output drop by 50,000 barrels per day (bpd) from December to 26.53 million, according to the Reuters survey of data from oil-flow tracking companies and sources at OPEC, oil firms, and consultants. Supply from Iran and Nigeria dropped by 60,000 bpd each, the most among OPEC producers, according to the survey. Iran,…

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