Wednesday 16 March 2016

NIGERIA, IRAQ CUT OPEC’S OUTPUT BY 175,000BPD

Nigeria, Iraq cut OPEC’s output by 175,000bpdTotal crude oil production of the Organisation of Petroleum Exporting Countries (OPEC) fell by 175,000 barrels per day (bpd) to 32.38 million bpd in February, courtesy of output slide from Nigeria, Iraq and some other member countries.

Specifically, crude oil output declined by 94,200 bpd to 1.75 million bpd from 1.84 million bpd it recorded the previous month.

Read more @ The Guardian

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