Energy Markets
OPEC March crude oil production falls on Venezuela and Iran amid sanctions
A survey revealed that OPEC's oil production fell in March, ahead of a planned increase, as Nigeria cut deliveries to its domestic refineries, and Iranian and Venezuelan supplies dropped due to renewed U.S. efforts to reduce the flow. According to a survey released on Monday, the Organization of the Petroleum Exporting Countries (OPEC) pumped 26,63 million barrels of oil per day in February, a decrease of 110,000 bpd compared to the total for the month of February. The largest declines were recorded by Nigeria, Iran, and Venezuela. OPEC+, a grouping of OPEC, its allies, and Russia, has begun to unwind...