OPEC February Crude Output Falls to 2 1/2-Year Low in Survey
This article is for subscribers only.
OPEC crude production dropped to the lowest level in more than two years in February, led by declines in Libyan and Saudi Arabian output, a Bloomberg survey showed.
Production by the 12-member Organization of Petroleum Exporting Countries decreased 11,000 barrels a day to an average 29.877 million from 29.888 million in January, the survey of oil companies, producers and analysts showed. It was the least since June 2011. Last month’s total was unrevised.