OPEC has decided to shift its focus to 'call on OPEC+' in the global oil demand outlook, according to sources. This change means OPEC will no longer publish its own crude demand calculation in its monthly oil report. Additionally, Saudi Arabia's crude oil supply to China is expected to decrease by 5.8 million barrels in June compared to May. In April, OPEC-plus crude oil production decreased by 100,000 barrels per day to 41.1 million b/d, with the 18 members adhering to agreed cuts seeing a decline of 150,000 b/d to 34.3 million b/d. Members subject to cuts saw a 440,000 b/d reduction in output as Russia, Iraq, and Kazakhstan made production adjustments.
#Opec+ crude output by members subject to cuts fell by 440,000 b/d in April as Russia began implementing a fresh cut and Iraq and Kazakhstan curbed some of their overproduction. #oott https://t.co/K362HNrom3
#Opec-plus’ crude oil production in April slid by 100,000 barrels per day to 41.1 million b/d, while output by the 18 members adhering to agreed cuts declined by 150,000 b/d to 34.3 million b/d, according to Energy Intelligence assessments. #oott https://t.co/n98itZVlEB
Saudi crude oil supply to #China to fall 5.8 mln bbls in June from May, sources say #oott https://t.co/nWw7zGMbyC
OPEC switches to 'call on OPEC+' in global oil demand outlook, sources say https://t.co/p8sRU43AKT https://t.co/4KcwRDkhcH
#OOTT | OPEC Switches To 'Call On #OPEC+' In Global Oil Demand Outlook, Sources Say - Yahoo https://t.co/iaUVLlkdvs
#OPEC switches to 'call on OPEC+' in global oil demand outlook, sources say #oott https://t.co/WHVCEiMVz5
⚠️ OPEC SWITCHES TO 'CALL ON OPEC+' IN GLOBAL OIL DEMAND OUTLOOK, SOURCES SAY Full Story → https://t.co/5EJU1F7hgH OPEC will stop publishing a calculation of the world's demand for its own crude in its monthly oil report, two sources close to the matter said, focusing instead… https://t.co/9awWo4HoEG