OPEC’s Planned Output Increase Is Offset by Africa Disruptions
- Output rose 190,000 b/d to 25.67 million in January: survey
- Hikes by Saudi, UAE offset by disruptions in Libya, Nigeria
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OPEC boosted crude production as planned last month, but the increase was tempered by disruptions at long-troubled member nations.
The Organization of Petroleum Exporting Countries raised output by 190,000 barrels a day in January, according to a Bloomberg survey. That fits with an agreement between the group and its allies to revive some of the supplies halted during the pandemic.