#opec producers

[nollywoodmagazine]

OPEC April Production Hits 30.93 MBPD

OPEC April Production Hits 30.93 MBPD

Oil production from the Organisation of the Petroleum Exporting Countries (OPEC) totaled 30.93 million barrels per day (b/d) in April up from 210,000 b/d which the cartel pumped in March.

The increase was as a result of several member countries production swell.

“OPEC production has climbed within a whisker of 31 million b/d, well above the group’s current ceiling,” said Margaret McQuaile,…

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[goldsilverreports]

OPEC Chief Defends Policy

OPEC Chief Defends Policy

Oil producers group OPEC can ride out a slump in oil prices and keep output unchanged, its head said on Sunday, arguing market weakness did not reflect supply and demand fundamentals and could have been driven by speculators.

Speaking at a conference in Dubai, Abdullah al-Badri defended November’s decision by the Organization of the Petroleum Exporting Countries to not cut its output target of 30…

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