OPEC's Oil Production Rises By 120,000 Bpd In December
A rebound in Nigerian production raised OPEC’s oil output in December by 120,000 barrels per day according to a monthly Reuters survey
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A rebound in Nigerian production raised OPEC’s oil output in December by 120,000 barrels per day according to a monthly Reuters survey
OPEC’s crude oil production increased in December, according to a new Bloomberg survey, but the organization is still significantly shy of its production targets for the month
OPEC’s crude oil production fell by an average of 744,000 barrels per day, according to OPEC’s Monthly Oil Market Report released on Tuesday
Oil markets are looking at a period of heightened volatility with another monthly OPEC+ meeting coming up, a ban on Russian seaborne crude around the corner and a $60 oil price cap on Russian crude
Oil prices could sink if OPEC+ acts in line with market expectations and agrees to keep production quotas stable for another month, some analysts told Reuters