Nigeria, Iraqi outages curb OPEC April output


*The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC’s headquarters in Vienna, Austria April 9, 2020. REUTERS/Leonhard Foeger

London — OPEC oil output fell in April due to a halt in some of Iraq’s exports and delays to Nigerian shipments, a Reuters survey found on Tuesday, adding to the impact of strong adherence by top producers to a supply cut deal by the wider OPEC+ alliance.

The Organization of the Petroleum Exporting Countries pumped 28.62 million barrels per day (bpd) last month, the survey found, down 190,000 bpd from March. Output is down more than 1 million bpd from September.

The Reuters survey aims to track supply to the market. It is based on shipping data provided by external sources, Refinitiv Eikon flows data, information from companies that track flows such as Petro-Logistics and Kpler, and information provided by sources at oil companies, OPEC and consultants.

*Alex Lawler, Ahmad Ghaddar, Editing: Louise Heavens – Reuters



This article was originally posted at sweetcrudereports.com

News  NCDMB, Green Energy kicks off NC remediation training programme in Yenagoa

Be the first to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.