OPEC Says Oil Production Declined Last Month on Kazakhstan Slump
Workers walk through the processing complex at an oil refinery in Atyrau, Kazakhstan.
Photographer: Andrey Rudakov/BloombergOPEC+ oil production declined sharply last month amid losses in Kazakhstan, Venezuela and Iran, the group said.
The 22 nations of the alliance produced an average of 42.448 million barrels a day in January, or 439,000 a day less than the previous month, according to a copy of the group’s monthly report obtained by Bloomberg. Kazakhstan accounted for more than half of the drop.