Largest OPEC member adds another 46.5 MBOPD
OPEC released this month’s Monthly Oil Market Report, outlining the cartel’s assessment of the state of the international oil industry.

Total OPEC production rose slightly this month, though most countries reported only minor changes. The group produced a total of 31,930 MBOPD in April, up by 12.1 MBOPD from the March production level. This is a very small change for the group, which regularly reports changes of more than 50 MBOPD, and last month dropped by over 200 MBOPD.

The largest change in...

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