Global Production Flatlines in April

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Global supply of hydrocarbon liquids was virtually flat in April as a 330,000 barrel per day increase among non-Opec-plus producers offset a similar-sized drop in Opec-plus and refining gains. For the month, output amounted to 100.63 million b/d, a mere 67,000 b/d over March, according to Energy Intelligence's calculations. Nearly all the gain in non-Opec-plus came from the US, where output climbed 294,000 b/d to 20.24 million b/d. In terms of crude only, April production was 76.8 million b/d, down 350,000 b/d month on month. Spring refining downtime took a 130,000 b/d chunk out of global supplies for the month.

Crude Oil, Oil Supply
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