Platts Survey: OPEC+ Output Hits 8-Month High Amid Elusive Compliance ...Middle East

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Platts Survey: OPEC+ Output Hits 8-Month High Amid Elusive Compliance
source : OILPRICE ( Middle East ) () 49
Just ahead of the production increase beginning in April, the OPEC+ group boosted its oil production to an eight-month high in March, according to the Platts OPEC+ Survey from S&P Global Commodity Insights. The total oil production from the alliance rose to 41.04 million barrels per day (bpd) in March, up by 30,000 bpd from February. The producers in OPEC+ who have quotas busted their overall output ceiling by a massive 319,000 bpd, according to the Platts survey. Kazakhstan remained the producer, exceeding its quota the most. The OPEC+ producer,…

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