Reuters Survey Shows OPEC Output Down 110,000 Bpd in March

Reuters Survey Shows OPEC Output Down 110,000 Bpd in March

A Reuters survey on Monday showed OPEC oil output falling in March, driven primarily by drops in supply from Nigeria, Iran and Venezuela.  OPEC pumped 26.63 million barrels per day in March, or 110,000 bpd less than February, according to the survey.  Nigeria, Iran, and Venezuela each saw a drop in March output of 50,000 bpd.  Nigeria is still pumping just above its OPEC quota, but in March, the country reduced supply to its new Dangote refinery…

FG Cuts Crude Oil Supply To Local Refineries In March — Survey - InsideBusiness - Business News in Nigeria

The Federal Government cut crude oil supplies to local refineries in March, according to data sourced from a Reuters survey. This is as the Organization of the Petroleum Exporting Countries’ oil output fell in March ahead of a scheduled output hike. Nigeria curbed deliveries to domestic refineries, and Iranian and Venezuelan supply dropped on renewed U.S. attempts to curb the flows. OPEC pumped 26.63 million barrels per day last month, down 1…

08-04-25.-Opep's oil production fell in March prior to the scheduled increase, according to a Reuters poll, because Nigeria reduced deliveries to national refineries and supplies from Venezuela and Iran fell due to U.S. sanctions.The U.S. Food and Agriculture Organization of...

OPEC March Oil Output Falls on Venezuela, Iran Losses Amid Sanctions - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – OPEC oil output fell in March ahead of a scheduled output hike, a Reuters survey found, as Nigeria curbed deliveries to domestic refineries and Iranian and Venezuelan supply dropped on renewed U.S. attempts to curb the flows. The Organization of the Petroleum Exporting Countries pumped 26.63 million barrels per day last month, down ...

Iraqi crude exports fall in March

Export volumes declined in March, but Iraq also revised its official February figure sharply upward as OPEC-plus shifts is quota strategy.