OPEC output remains below quota in April

The Organisation of the Petroleum Exporting Countries’ (OPEC) oil output in April stayed unchanged from March at 31.85 million barrels per day (b/d). That’s according to a new S&P Global Platts report, which shows the group is still showing high compliance with its production cut agreement, producing below its stated ceiling of 32.5 million b/d. This month, increases […]