OPEC oil output falls in January on lower supply from Nigeria and Libya, Reuters survey finds

Nigeria Records Sharpest Drop In OPEC Oil Output In January

Nigeria’s crude oil production declined to around 1.20 million barrels per day in January, the largest output drop among members of the Organization of the Petroleum Exporting Countries (OPEC), according to a monthly supply survey. The fall in Nigeria’s production contributed significantly to OPEC’s overall output decline with the group pumping 28.34 million bpd in January, […] The post Nigeria Records Sharpest Drop in OPEC Oil Output in January…

OPEC oil output falls in January on lower supply from Nigeria and Libya, Reuters survey finds

OPEC+, comprising OPEC and allies including Russia, in January began a first-quarter pause of its ⁠monthly output increases amid concerns of a supply glut