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iPolitics By iPolitics. Published on Mar 1, 2021 12:50pm An oil terminal in North York, Ont. (Rene Johnston/Toronto Star) The Lead  A Reuters survey has found that the Organization of the Petroleum Exporting Countries’s (OPEC) oil output fell to 24.89 million barrels per day (bdp) in February. This value was down 870,000 bpd from January, reflecting the first monthly decline since June 2020. “So far, the members of the alliance have been cooperating and implementing the cuts in exemplary fashion,” said analyst Eugen Weinberg at Commerzbank. “We believe that the high prices will prompt OPEC+ to step up its production by 500,000 barrels per day, while at the same time withdrawing Saudi Arabia’s additional production cut.”

Saudi arabiaUnited statesBritish columbiaChristopher kesslerTamas vargaBen brunnenJason kenneyJoe bidenPeter zebedeeOil associates ltdEnergy development oman to petroleumOrganization of the petroleum exporting countriesCanadian association of petroleum producersCanada energy regulatorBrazos electric power cooperative incPetroleum exporting countries