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Opec-Plus Oil Output Slips, Kazakhs Mar Compliance

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  • Oil production by the 18 members with monthly targets fell in March by 120,000 barrels per day to 34.11 million barrels per day.

  • Kazakhstan was again the main overproducer by a wide margin.

  • Overall, crude output by the 22-member group declined by 360,000 b/d to 40.92 million b/d, as production by all four members without a target fell.

Last month’s crude oil production by Opec-plus fell by 360,000 b/d to 40.94 million b/d, the biggest monthly drop in six months, led by declines in Libya and Iraq, ʶԳ’s preliminary assessment shows.

Topics:
Opec-Plus Supply, Opec/Opec-Plus, Crude Oil, Oil Supply
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