OPEC Production Creeps Higher In December ...Middle East

OPEC’s crude oil production increased in December, according to a new Bloomberg survey, but the organization is still significantly shy of its production targets for the month. OPEC’s production for the month of December increased by 150,000 bpd over November figures, the Bloomberg survey showed, with Nigeria instrumental in this increase. Nigeria, which for decades has struggled with oil theft, has said it has effectively cracked down on these rogue activities, allowing it to increase its actual oil production. In October, Nigerian…

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