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OPEC Output Boost Severely Limited as African Members Struggle

  • Production up just 90,000 barrels a day on Libya, Nigeria woes
  • Disruptions impede OPEC+ plan to revive halted output
Bloomberg business news
OPEC+ Agrees to Boost Oil Supply

OPEC made only part of its planned production increase last month, with supplies hampered by disruptions in two of the group’s African members.

The Organization of Petroleum Exporting Countries added just 90,000 barrels a day in December, as a boost by Saudi Arabia was offset by losses in Libya and Nigeria, according to a Bloomberg survey.