OPEC's March oil output falls by 153kbpd in latest report (secondary sources)

Author: Ryan Littlestone | Category: News

Details of the March 2017 OPEC report

  • OPEC output -153kbpd to 31.928mbpd
  • Raises 2017 world oil demand growth forecast to 1.27mbps vs 1.26m prior
  • Cuts forecast for OPEC 2017 demand by 130kbpd to 32.22mbpd on higher non-OPEC supply
  • 11 OPEC members in oil cut deal achieve 104% of pledged 1.16mbpd cuts (Reuters calc)
  • 11 Members cut output to 29.761mbps vs the 29.804mbpd target (Reuters calc)
  • Saudi's say they cut output to 9.90mbps vs 10.011m in Feb
  • OPEC says OECD oil inventories fell to 268m in Feb, still above 5year average 
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose