OPEC March oil output falls 230,000 bpd month/month - Reuters

Eren Sengezer FXStreet

According to a recent survey by Reuters, output from all 13 members of the Organization of the Petroleum Exporting Countries fell by 230,000 bpd in March from February's revised level.

February's production was revised up by 50,000 bpd because Saudi output was higher than originally thought, while Nigerian production was lower
Oil supply-cut targets achieve 95 pct of pledged reductions in march (original feb compliance estimate 94 pct)

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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