Wednesday, 4 April 2018

OPEC Output Falls to Lowest in a Year Amid Venezuela Woes - Bloomberg

OPEC Output Falls to Lowest in a Year Amid Venezuela Woes - Bloomberg:

"OPEC crude production dropped to the lowest in a year amid the woes in Venezuela’s oil industry. Output from the 14 members of Organization of Petroleum Exporting Countries fell by 170,000 barrels to 32.04 million barrels a day in March, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. That’s the lowest since last April’s 31.9 million barrels a day. Back then, Equatorial Guinea -- which pumped 130,000 barrels a day last month -- wasn’t part of OPEC."



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