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OPEC's monthly report: raising the forecast for global oil demand growth slightly to 1.65 million barrels per day in 2018
OPEC production rose in April under the leadership of Saudi Arabia, despite a significant decline in Venezuela's production .
OPEC production increased by 12.1 thousand barrels per day (bpd) in April to 31.930 million bpd, compared to 31.918 million bpd in March, according to data released by OPEC.
The data showed that Saudi Arabia contributed the largest increase in production last month by 46.5 thousand barrels per day, followed by Algeria at 17.7 thousand barrels per day, and Iran by 10 thousand barrels per day .
At the level of the most countries that contributed to the reduction of production of crude, Venezuela came in first place with a decrease by 41.7 thousand barrels per day, and Gabon, falling by 9.3 thousand barrels per day .
Nigeria came in third place with a decline of 8.3 thousand barrels per day .
By 11:00 a.m. GMT, the price of Brent crude for the US dollar was at $ 77.11 a barrel .
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