The Drilldown: Oil output down ahead of OPEC meeting
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 price...