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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Report: Iraq's oil production decreased and OPEC + production increased in December

    Rocky
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    Report: Iraq's oil production decreased and OPEC + production increased in December Empty Report: Iraq's oil production decreased and OPEC + production increased in December

    Post by Rocky Sun 15 Jan 2023, 4:33 am

    Report: Iraq's oil production decreased and OPEC + production increased in December

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    Economy News-Baghdad
    OPEC and its allies increased crude oil production by 140,000 barrels per day in December, according to the latest survey by S&P Global Commodity.
    The company said in a report that "the 13 member states of the organization and its allies increased their oil production in December to reach 28.98 million barrels per day, an increase of 140,000 barrels per day from last November, led by Nigeria, while Iraq's production decreased."
    The survey found that “Saudi Arabia, the largest OPEC country, pumped 10.48 million barrels per day in December, a slight increase on a monthly basis of two thousand barrels per day, while Iraq, the second largest member, produced 4.46 million barrels per day, a decrease of 3 thousand barrels per day from November, however, its production increased from the production rate set by the organization (the quota), which amounted to 4.31 million barrels.
    The survey found that “Russian volumes fluctuated slightly to 9.86 million barrels per day in the month, down by only 10 thousand barrels per day. However, the largest increases came from Nigeria, as its oil production rose by about 92 thousand barrels per day to 1.158 million barrels per day, followed by Angola 38 thousand barrels per day.
    "Despite the overall increase, the alliance's production remains significantly behind its production targets, with a gap of 1.80 million barrels per day in December, with most members facing technical or financial difficulties in maintaining production," it noted.

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    Added 01/15/2023 - 10:22 AM
    Updated 01/15/2023 - 1:30 PM
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