William Potter/Shutterstock Crude oil production by the 23-member alliance ticked up 60,000 b/d in the first month of 2023 to 44.13 million b/d.Output by the 19 member with a monthly quota rose by 180,000 million b/d to 38.2 million b/d, led by gains in Kuwait and Nigeria.The alliance’s production shortfall narrowed slightly over the month but remains enormous at 1.9 million b/d. Save for later Print Download Share LinkedIn Twitter Opec-plus enters 2023 with a host of challenges — some new, some old — but foremost on the minds of its leaders will be the fate of Russian production, the dynamics of Chinese demand and sea-shift in global flows now that Russia’s barrels, both crude and products, are banned by major markets.
