Iraq leads OPEC countries in reducing oil production
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The report issued by the organization for the current month revealed that “the largest declines came first from Iraq, as oil production decreased by about 203 thousand barrels per day, to reach 4.139 million barrels per day, after it was 4.342 million barrels last March, Then Nigeria, with a decrease of 170 thousand barrels per day. To reach 1.180 million barrels per day, and Kuwait and Libya, down 26 and 24 thousand barrels, respectively.
The report indicated that “the countries with the highest increase in their oil production for the month of April were Saudi Arabia, with an increase of 95,000 barrels per day, followed by Angola, with an increase of 79,000 barrels per day, and then Venezuela, with an increase of 24,000 barrels per day.”
And OPEC expected, in its report for the month of May, that the growth in global oil demand will decrease by 500,000 barrels per day in 2023./ End 8[/rtl]