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2017-06-08 17:40:00

OPEC OIL PRODUCTION UP: 32.12 MBD

OPEC OIL PRODUCTION UP: 32.12 MBD

AOG - The rise in crude production, despite the Organization of Petroleum Exporting Countries joining hands with a Russia-led group of 11 non-OPEC oil producers, to extend the production cut deal till March next year, is being attributed to a sharp recover of output in Libya and Nigeria – the two OPEC members that were exempted from complying with the pact, according to Platts.

Despite the high compliance from the cartel's biggest producer and de facto leader Saudi Arabia, as well as from Angola, output jumped from the two excepted OPEC members,…

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Tags: OPEC, OIL, PRODUCTION

Chronicle:

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