OPEC oil data – Apr 2019

Published at 11:02 15 May 2019 by

We estimate that OPEC production was marginally higher m/m (+80 thousand b/d) at 29.98 mb/d in April, which was the first increase since November 2018. In y/y terms, output was down by a sizable 1.55 mb/d. However, compliance with the OPEC+ deal rose to 136% in April, from 125% in March, as core OPE…

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