News summary
Newsletter text
[OPEC crude oil output remained stable in Aprilbaccarathotelprices, the production reduction plan has not yet been fully realized, and the output has decreased by about 50,000 barrels per day compared with the previous month]
OPEC's daily crude oil output reached 26.81 million barrels in April, a slight decrease compared with the previous month, decreasingbaccarathotelpricesAbout 50,000 barrels were collected. Despite this, this data shows that OPEC's latest production reduction plan has not yet been fully implemented.
Among member states, Libya's daily crude oil production increased by 60,000 barrels to 1.19 million barrels, making it the country with the largest change this month. At the same time, production in Iraq and United Arab Emirates remained above agreed limits, at hundreds of thousands of barrels per day and 220,000 barrels per day respectively.
In terms of supply, crude oil supplies from Iran and Nigeria decreased by 50,000 barrels per day to 3.13 million barrels per day and 1.42 million barrels per day respectively. Saudi production remained stable, with a daily output of about 9 million barrels.
It is worth noting that OPEC + plans to hold a meeting on June 1 on whether to extend current production limits into the second half of the year. This decision will undoubtedly become the focus of market attention.
(: Congratulations
