Not All OPEC Producers Are Delivering On Their Pledged Cuts

February 13, 2024
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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OPEC’s crude oil production slumped by 350,000 barrels per day (bpd) in January as the latest voluntary output cuts kicked in, but not all those who had pledged reductions delivered on their promises. As OPEC’s crude oil production from all 12 members fell by 350,000 bpd to 26.342 million bpd in January, the country with the biggest contribution to the cuts was Libya, one of the three OPEC members exempted from the cuts alongside Iran and Venezuela, according to the secondary sources in OPEC’s Monthly Oil Market Report (MOMR)…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

Not All OPEC Producers Are Delivering On Their Pledged Cuts

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