OPEC PRODUCTION DOWN 970 TBD
PLATTS - OPEC pumped the fewest barrels since March 2015 in January, with crude output plunging to 30.86 million b/d, a fall of 970,000 b/d from December as new supply quotas went into force, according to an S&P Global Platts survey of industry officials, analysts and shipping data.
The month-on-month fall was the biggest since December 2016, the survey found, with Saudi Arabia and the UAE leading the group in production discipline, while Libya kept its largest oil field offline due to security risks.
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