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LONDON -OPEC oil output has fallen in April, a Reuters survey found on Tuesday, reflecting lower exports from Iran, Iraq and Nigeria against a backdrop of ongoing... -April 30, 2024 at 12:29 pm EDT - MarketScreener
LONDON (Reuters) -OPEC oil output has fallen in April, a Reuters survey found on Tuesday, reflecting lower exports from Iran, Iraq and Nigeria against a backdrop of ongoing voluntary supply cuts by some members agreed with the wider OPEC+ alliance. The Organization of the Petroleum Exporting Countries pumped 26.49 million barrels per day (bpd) this month, down 100,000 bpd from March's revised total, the survey, based on shipping data and information from industry sources, found. Several members of OPEC+, which includes OPEC, Russia and other allies, made new cuts in January to counter e...
By Reuters Staff 2 Min Read FILE PHOTO: A view shows Sharara oil field near Ubari, Libya, July 6, 2017. REUTERS/Aidan Lewis (Reuters) -Libya’s NOC has lifted force majeure on oil loadings from the eastern port of Hariga after settling a financing dispute with the new Government of National Unity (GNU), it said on Monday, paving the way for higher output. National Oil Corporation (NOC) subsidiary Arabian Gulf Oil Company (AGOCO), which runs Hariga, this month said it was suspending output because it had not received any state financing since September. Force majeure was declared by NOC on Ap...
By Reuters Staff 1 Min Read FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant LONDON (Reuters) -OPEC+ achieved a compliance level with its agreed oil production cuts of 113% in March, unchanged from levels in February, two sources from the producer group told Reuters on Tuesday. Compliance from members of the Organization of the Petroleum Exporting Countries (OPEC) reached 124%, while non-OPEC participants achieved compliance of 93%, one of the sources said. Reporting by Ahmad GhaddarEditing by...