OPEC oil output falls on Angola, Iraq outages – Reuters survey

• Summary

• OPEC output falls 70,000 bpd from February – survey
• Nigerian output rises by 110,000 bpd, biggest gain in group
• Quota-bound members undershoot target by about 930,000 bpd
• Output by country

LONDON, March 31 (Reuters) – OPEC oil output fell in March due to oilfield maintenance in Angola and a halt in some of Iraq’s exports, a Reuters survey found on Friday, adding to the impact of strong adherence by top producers to a supply cut deal by the wider OPEC+ alliance.

The Organization of the Petroleum Exporting Countries (OPEC) has pumped 28.90 million barrels per day (bpd) this month, the survey found, down 70,000 bpd from February. Output is down more than 700,000 bpd from September.

Source: Reuters, March 31, 2023

OPEC oil output falls on Angola, Iraq outages – Reuters survey | Reuters