Sunday, July 2, 2023

Opec oil output posts small drop in June ahead of Saudi cut - Oman Observer

LONDON: Opec oil output has fallen only slightly in June as increases in Iraq and Nigeria limited the impact of cutbacks by others, despite a wider OPEC+ deal and voluntary cuts by several members to support the market, a survey found.

The Organization of the Petroleum Exporting Countries has pumped 28.18 million barrels per day (bpd) this month, the survey found, down 50,000 bpd from May's revised figure. In May, output dropped by 240,000 bpd as the latest cut took effect.

logo
Publisher: Oman Observer
Date: 2023-07-02T15:06:13 04:00
Twitter: @omanobserver
Reference: (Read more) Visit Source



No comments:

Post a Comment