OPEC oil data – May 2018

Published at 10:37 13 Jun 2018 by

We estimate that OPEC production rose m/m by 50 thousand b/d to 31.84 mb/d in May, from 31.79 mb/d in April. Compliance with the OPEC/non-OPEC deal declined to 161%, compared with a record high of 182% in April. Excluding Venezuela, compliance averaged 112% in May.The main driver of the m/m increase…

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