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OPEC+ Raises Oil Production By Most In 7 Months

OPEC+ has found itself in the crosshairs of the global oil industry with its repeated failure to produce to its increasing oil production quota. But for February, the OPEC+ group has managed to make the biggest gains in oil production in seven months, the latest S&P Global Community Insights survey showed on Wednesday.

OPEC members raised their production in February by a collective 480,000 bpd, reaching 28.67 million barrels per day, while the rest of the OPEC+ group lifted its February crude oil production by 80,000 bpd, to 14.07 million…

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