Reply To: OPEC Monthly Oil Market Report February 2023


Reuters Survey: OPEC production fell 50K bpd in January

The latest secondary sources survey from Reuters

January output falls 50K bpd from December to 28.87 million barrels per day
Members complied with quota cuts at 172% vs 161% in December
Members undershoot Jan output target by 920k bpd vs 780k bpd in December
Iraq had a fresh production decline in January, according to the survey.