OPEC oil data – Mar 2019

Published at 10:30 11 Apr 2019 by

We estimate that OPEC production fell m/m by 0.82 mb/d to 29.83 mb/d in March, the lowest level since May 2014. In y/y terms, output was down by a sizable 1.83 mb/d. Compliance with the OPEC+ deal jumped to 120% from 81% in February as core OPEC producers (led by Saudi Arabia) continued to overcompl…

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