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<Commodity>Survey Shows OPEC Output Posts Largest Drop in 40 Years Last Month
According to foreign media reports, due to disruptions to oil exports of major member states caused by the Middle East conflict, the Organization of the Petroleum Exporting Countri...
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According to foreign media reports, due to disruptions to oil exports of major member states caused by the Middle East conflict, the Organization of the Petroleum Exporting Countries (OPEC) is estimated to have recorded the largest decline in crude oil production in at least 40 years in March.

The survey showed that OPEC's daily oil production plunged by 7.56 million barrels last month, a decrease of about 25%, to 22 million barrels per day. Among them, Iraq, the OPEC member most reliant on the Strait of Hormuz, saw the largest drop in oil output, with daily production falling by 2.76 million barrels to 1.63 million barrels per day.

Related NewsInflation Rate MoM for Mar in United States is 0.9%, higher than the previous value of 0.3%. The forecast was 0.9%.
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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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