Opec+ crude output was once again above target in March, as serial overproducers Iraq and Kazakhstan continued to exceed their pledges. Kuwait and Gabon were last month's other notable overproducers.
Opec has stuck to its bullish global oil demand growth forecast this year, while once again nudging down its projection for non-Opec liquids supply growth.
Opec+ crude output was once again above target in March as serial overproducers Iraq and Kazakhstan continued to exceed their pledges. Kuwait and Gabon were last month's other notable overproducers.
South Sudan's crude production has almost halved to around 80,000 b/d because of a blockage at a pipeline in war-torn Sudan, South Sudan's oil ministry undersecretary William Anyak Deng told <i>Argus</i> today.
The fate of two exploration blocks offshore Lebanon remains in limbo, with the government yet to agree contractual terms with the consortium that bid for the licences last year, the country's energy minister Walid Fayad said.