Opec-Plus: April Marks 11-Month Low in Crude Output

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Crude oil production by Opec-plus in April touched a low not seen since May 2022 as Iraqi output was hamstrung by shut-ins in Kurdistan and Russia began trimming refining throughput in the waning days of the month. The 37.47 million barrels per day produced by the 19 alliance members with a monthly target marked a 100,000 b/d decline compared to March and the lowest level in 11 months, according to Energy Intelligence’s preliminary assessment. When counting crude output including the four countries without a quota — Iran, Libya, Venezuela and Mexico — Opec-plus production was estimated at 43.46 million b/d last month, down 60,000 b/d and a 10-month low.

Oil Supply, Crude Oil, Opec/Opec-Plus, Opec-Plus Supply
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