OPEC states reduced oil production by 751 thousand barrels in December 2018
Almaty. January 18. KazTAG - OPEC states reduced oil production by 751 thousand barrels per day in December 2018 - to 31.58 million barrels, TASS reports, citing the organization’s January report.
“Oil production decreased mainly in Saudi Arabia, Libya, Iran and the United Arab Emirates, while in Iraq, production levels, on the contrary, increased. In December, four countries reduced production by 864 thousand barrels per day (Saudi Arabia by 468 thousand barrels per day, to 10.55 million barrels, Libya - by 172 thousand barrels, to 928 thousand barrels, Iran - by 159 thousand barrels to 2.77 million barrels, the United Arab Emirates - 65 thousand barrels to 3.22 million barrels per day), ” reads the report.
Iraq has increased production by 88 thousand barrels per day, producing 4.71 million barrels in December. At the same time, Nigeria reported a record increase in production in December by 218 thousand barrels per day, to 1.78 million barrels.
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