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OPEC Monthly Oil Market Report: OPEC Sees Weaker Demand For Its Crude As US Supply Thrives
Added @ 7:26am
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OPEC: Saudi Arabia crude output down by 350,000 b/d in Jan
Added @ 7:26am
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OPEC: Crude oil output fell by 797,000 b/d in Jan
Added @ 7:26am
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OPEC: Russian oil supply came down by 90,000 b/d in Jan
Added @ 7:28am
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OPEC cuts output by 797,000 barrels per day
The Organization of the Petroleum Exporting Countries produced 30.81 million barrels of crude per day on average last month or 797,000 less than in December. Its monthly report, published on Tuesday, showed Saudi Arabia cut by 350,000 barrels per day to 10.21 million, followed by the United Arab Emirates and Kuwait, reducing the volume by 236,000 together. The numbers, obtained from secondary sources, revealed Nigeria was the only member with more than a marginal rise, adding 52,000 barrels per day. OPEC said the forecast for this year's growth in world demand is 1.24 million barrels per day, translating to 100 million in total. Last ... (full story)
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- Posted: Feb 12, 2019 7:26am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 33
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