OPEC’s February crude output at close to 11-year low, deeper cuts loom

摘要

London—OPEC’s crude production in February tumbled to 27.99 million b/d, its lowest level since March 2009, according to the latest S&P Global Platts survey. Production fell by 540,000 b/d compared with January, mainly due to the involuntary cuts by Libya, whose output has been devastated by an oil blockade as the country’s civil conflict intensifies.