OPEC raised its crude oil production in February by 120,000 barrels per day (bpd) amid a rebound in Nigerian output which, however, continues to be well below the African country’s OPEC+ quota, a Bloomberg survey showed on Thursday. OPEC pumped 29.24 million bpd of crude last month, up by 120,000 bpd from January, according to the survey based on tanker-tracking data, information from officials, and estimates from consultants.
In January, OPEC’s production fell by 49,000 bpd from December as top producer Saudi Arabia slashed…OPEC’s Oil Production Rises By 120,000 Bpd As Nigerian Output Rebounds
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