Survey: OPEC oil output rises for 7th month in January

Oil output of the Group of the Petroleum Exporting Nations (OPEC) rose for the seventh straight month in January, with Nigeria recording the most important output decline, in keeping with a Reuters survey.

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The output elevated by one hundred sixty,000 barrels per day (pbd) to achieve 25.seventy five million in January in contrast with the earlier month.

OPEC’s compliance with the availability of curbs rose to 103% in January, in contrast with ninety nine% in December 2020.

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