- Reuters survey: OPEC’s oil production declines in February
Market news
29 February 2016
Reuters survey: OPEC’s oil production declines in February
According to a Reuters survey, the Organization of the Petroleum Exporting Countries' (OPEC) oil production fell in February due to the supply disruption from Iraq. OPEC's oil output decreased to 32.37 million barrels per day (bpd) in February from 32.65 million in January.
Saudi Arabia produced 10.20 million bpd in February.
Iran increased its oil production by 200,000 bpd since December 2015.
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