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OPEC January Output Fell Month-On-Month

OIL

OPEC oil output stood at 28.87mbpd in January, down by 50kbpd from a month earlier because of lower Iraqi exports and stagnant Nigerian output, a Reuters survey showed.

  • The OPEC JMMC advisory committee is likely to keep current output levels stable during the meeting on 1 Feb according to OPEC+ delegates.

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