OPEC Oil Production Fell by 200.000 bpd in March

OPEC crude oil production dropped just over 200.000 barrels per day in March to a daily average of 31.96 million barrels. Saudi Arabia’s March production fell 47.000 barrels to 9.934 million barrels a day. 

Meanwhile. the cartel expects the US oil output to rise by 1.5 million barrels a day. up by 40.000 barrels from last month’s forecast.

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