Nigeria, others behind OPEC lowest output since June

 

Minister of Petroleum Resources, Diezani Alison-Madueke   

 The decline in crude oil production in Nigeria, Iraq and Libya drove down output from the Organisation of Petroleum Exporting Countries to its lowest in February since June last year, according to the cartel’s latest monthly report released on Monday.

According to secondary sources cited in the report, total OPEC crude oil production averaged 30.02 million barrels per day in February, a decrease of 140,000 bpd from the previous month. In December, the group’s production was 30.25 million bpd.

In July last year, OPEC output was put at 30.117 million bpd, up from 29.786 million bpd in June.