Monday, 20 Jan 2020

OPEC production fell last month

Baghdad, The Organization of Petroleum Exporting Countries (OPEC) production decreased last month.

/ Reuters / reported that OPEC oil production declined in December, in light of more commitment on the part of Nigeria and Iraq to the reductions that were promised and increase the cuts by Saudi Arabia, the largest exporters, before a new agreement to reduce production.

It added: "The Organization of Petroleum Exporting Countries, whose membership includes 14 countries, pumped 29.50 million barrels per day last month, and that is fifty thousand barrels per day less than the revised reading of last November."

Source: National Iraqi News Agency

Posts You May Like