OPEC output surges 120,000 b/d in May despite quotas; Russia-led allies cut: Platts survey

To get Platts OPEC+ survey sooner, join Platts Connect. The nine OPEC members subject to quotas boosted crude oil output by 100,000 b/d in May, driven by Nigeria and Iraq, pushing the group 320,000 b/d above their collective targets, while the bloc’s Russia-led allies cut production, the Platts OPEC+ survey from S&P Global Commodity Insights ...