OPEC+ Oil Supply Plunges By 1.2 Million Bpd As Saudi Arabia Cuts Output
August 12, 2023 at 02:20 AM EDT
By Tsvetana Paraskova of Oilprice.com Oil supply from the OPEC+ group dipped in July by 1.2 million barrels per day (bpd) to 50.7 million bpd, the lowest level in nearly two years as Saudi Arabia began its unilateral production cut of 1 million bpd, the International Energy Agency (IEA) said on Friday. The alliance’s oil […] Source
