OPEC’s Oil Production Rises By 120,000 Bpd As Nigerian Output Rebounds

OPEC raised its crude oil production in February by 120,000 barrels per day (bpd) amid a rebound in Nigerian output which, however, continues to be well below the African country’s OPEC+ quota, a Bloomberg survey showed on Thursday.   OPEC pumped 29.24 million bpd of crude last month, up by 120,000 bpd from January, according to the survey based on tanker-tracking data, information from officials, and estimates from consultants. In January, OPEC’s production fell by 49,000 bpd from December as top producer Saudi Arabia slashed…