Platts Survey: OPEC+ Oil Production Fell By 80,000 Bpd In February
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The combined oil production of the OPEC+ group dropped in February by 80,000 barrels per day (bpd) as a small rise in Russia’s still resilient output failed to offset declines in Angola, Iraq, and Kazakhstan, according to the Platts survey by S&P Global Commodity Insights. Combined production from all 13 OPEC members fell by 60,000 bpd in February compared to January, while output in the non-OPEC group, led by Russia, went down by 20,000 bpd month over month, the survey found. Russian oil production increased by 10,000 bpd to 9.86 million…
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