OPEC oil data – Feb 2019

Published at 11:02 15 Mar 2019 by

We estimate that OPEC production fell m/m by 0.36 mb/d to 30.59 mb/d in February. In y/y terms, output was down by 1.3 mb/d. Compliance with the new OPEC+ deal jumped to 90% from 56% in January as Saudi Arabia, the UAE, Iraq, Kuwait significantly cut output.Saudi Arabia once more logged the biggest …

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