OPEC’s crude production held steady in December - Bloomberg

Eren Sengezer FXStreet

"OPEC’s crude production held steady in December as the group approached a fresh year of output curbs in full compliance with its supply deal," Bloomberg reported in a recent article.

Key quotes

The 14 members of the Organization of Petroleum Exporting Countries pumped 32.47 million barrels a day, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data.

Libya saw a 30,000-barrel-a-day decline to 970,000 a day following a pipeline blast, which was offset by an increase from Nigeria.

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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