OPEC oil output rises for 7th month in January: survey

30/01/2021 Argaam

Oil output of the Organization of the Petroleum Exporting Countries (OPEC) rose for the seventh straight month in January, with Nigeria recording the biggest output decline, according to a Reuters survey.

 

The output increased by 160,000 barrels per day (pbd) to reach 25.75 million in January compared with the previous month.

 

OPEC's compliance with the supply curbs rose to 103% in January, compared with 99% in December 2020.

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