OPEC oil output falls in January led by Iraq -Reuters survey | Reuters

OPEC oil output falls in January led by Iraq -Reuters survey | Reuters

OPEC oil output fell in January, a Reuters survey found on Tuesday, as Iraqi exports declined and Nigerian output did not recover further, while Gulf members maintained strong compliance with an OPEC+ production cut deal to support the market.

The Organization of the Petroleum Exporting Countries pumped 28.87 million barrels per day (bpd), the survey found, down 50,000 bpd from December.

In September, OPEC output hit its highest since 2020.