A survey by Reuters on Monday, April 1, 2024 has shown a plunge in oil output by the Organisation of Petroleum Exporting Countries (OPEC) in March following reduced crude oil exports by Nigeria and Iraq.Read more
This development is coming ahead of OPEC+ ministers meeting on Wednesday April 4, 2024 to review impact of production cuts and decide on whether to carry out further cuts or increase production.
According to the survey, OPEC pumped 26.42 million barrels per day last month, down by 50,000 bpd from February based on shipping data and information from industry sources, found.
