OPEC oil output falls in January on new cuts, Libya - News Summed Up

Trending Today


OPEC oil output falls in January on new cuts, Libya


OPEC oil output falls in January on new cuts, LibyaOPEC oil output in January registered the biggest monthly drop since July, a Reuters survey found, as several members implemented new voluntary production cuts agreed with the wider OPEC+ alliance and unrest curbed Libyan output. Some OPEC members pledged voluntary cuts in two rounds - in April 2023 and November 2023, and Saudi Arabia made an additional voluntary cut. Algeria cut output by 40,000 bpd, implementing most of its voluntary reductions. The top exporter extended a voluntary 1 million bpd cut into the first quarter as part of November's OPEC+ deal. Output was 40,000 bpd above the country's 2024 target.


Source: Libya Today February 01, 2024 07:54 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */