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Opec oil output falls in December on drop in UAE, Iran production: Report

Business Standard LogoBusiness Standard1d ago

Opec oil output falls in December on drop in UAE, Iran production: Report - Business Standard

Quick Summary:

The Organization of the Petroleum Exporting Countries pumped 26.

A source said field maintenance was the reason for the decline, and the survey put output at 2.85 million bpd.

While the survey indicates the UAE and Iraq are pumping below their targets and November data provided by Opec's secondary sources puts them not far above, other estimates such as those of the International Energy Agency suggest they are pumping significantly more.


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Category: BusinessFinance

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Published On: 2025-01-07 @ 22:06:59 (1 days ago)

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News Source URL: business-standard.com

Language: English

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Copyright Owner: © Business Standard

News ID: 24962398

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