OPEC raised its oil production by just 57,000 barrels per day (bpd) in March from February, as African members’ struggles to pump more crude partially offset increases at the core OPEC members of the Middle East. All 13 OPEC members—including Libya, Iran, and Venezuela which are exempted from the OPEC+ deal—pumped 28.
56 million bpd in March, up by just 57,000 bpd from February, according to secondary sources in OPEC’s Monthly Oil Market Report (MOMR) published on Tuesday. Crude oil output increased mainly in the three Arab…OPEC Raises Oil Production By Just 57,000 Bpd In March
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