OPEC oil data – Mar 2018

Published at 09:53 13 Apr 2018 by

We estimate that OPEC production fell m/m by 0.23 mb/d to 31.97 mb/d in March, matching March 2017, which was the lowest reading in 2017. This pushed compliance with the OPEC/non-OPEC deal up to an astonishing 171%.Venezuela once again led the reductions, lower m/m by another 70 thousand b/d to 1.45…

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