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2017-05-06 17:10:00

OPEC OIL PRODUCTION: 31.85 MBD

OPEC OIL PRODUCTION: 31.85 MBD

PLATTSOPEC crude output in April averaged 31.85 million b/d, flat from March, with the bloc still showing high compliance with its production cut agreement, as increases in Angola and Nigeria were offset by declines from Libya and Iraq.

OPEC ministers will meet in Vienna on May 25 to review the agreement and potentially extend the cuts past their June expiry.

OPEC's collective April output was some 80,000 b/d above its stated ceiling of…

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Tags: OIL, PRICE, OPEC, PRODUCTION
Chronicle:
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