1,488 MBOPD is 31% below 2016’s daily output
OPEC released this month’s Monthly Oil Market Report, outlining the cartel’s assessment of the state of the international oil industry.

Total OPEC oil production fell sharply this month, with many countries reporting declines. The cartel produced 31,958 MBOPD in March, down 201.4 MBOPD from February output. This is the largest reported single month decline since the group’s output cut was first implemented in January 2017.
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