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OPEC April Crude Oil Output Fell To 28.62mbpd

OIL

OPEC crude oil output in April fell by 190kbpd on the month to 28.62mbpd because of lower exports from Iraq and delays to Nigerian shipments according to a Reuters survey.

  • Quota-bound members undershoot the target by 780kbpd.
  • Iraq is yet to resume crude oil exports from its northern fields which have been halted since 25 March.

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