Publication Name: PESA News
Authors: Dale Granger (ed.)
Publication Issue: 172
Date Published: March 2024
Number of Pages: 6
https://doi.org/10.36404/PSTO9218
Abstract:
According to Rystad Energy data and research, crude production in OPEC+ countries increased by 212,000 barrels per day (bpd) in February over January output. Most of the increase was a result of a recovery in Libyan production (165,000 bpd) following disruptions in January. Production in Russia (83,000 bpd), Nigeria (51,000 bpd) and Venezuela (24,000 bpd) increased too, while output in Iraq (-135,000 bpd), Kazakhstan (-24,000 bpd) and Iran (-8,000 bpd) decreased the most. Overall, OPEC+ crude output averaged 41.46 million bpd in February, the second lowest in the last six months.