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OPEC Oil Output Falls in April: Reuters Survey

OIL
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OPEC oil output has fallen in April, according to a Reuters survey April 30.

  • OPEC produced 26.49m b/d in April, down 0.1m b/d from March. The survey is based on shipping data and information from industry sources.
  • The fall is driven by lower exports from Iran, Iraq, and Nigeria. This is against a backdrop of ongoing voluntary supply cuts by some members agreed with the wider OPEC+ alliance.
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OPEC oil output has fallen in April, according to a Reuters survey April 30.

  • OPEC produced 26.49m b/d in April, down 0.1m b/d from March. The survey is based on shipping data and information from industry sources.
  • The fall is driven by lower exports from Iran, Iraq, and Nigeria. This is against a backdrop of ongoing voluntary supply cuts by some members agreed with the wider OPEC+ alliance.