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.
Publisher: Oman Observer
Date: 2023-07-02T15:06:13 04:00
Twitter: @omanobserver
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Nigeria's Increasing Oil Production Reduces OPEC's Declining Output https://t.co/ITJLw6hohT N'Assembly Members Inte… https://t.co/lK6rHpXee9 THISDAYLIVE (from Nigeria) Sun Jul 02 05:50:29 +0000 2023
OPEC JUNE OIL OUTPUT FALLS BY 50K BPD FROM MAY TO 28.18 MLN BPD - SURVEY. financialjuice (from London. New York. Singapore.) Fri Jun 30 11:56:19 +0000 2023
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