You are here

Opec oil output slides in December

The decline in December comes as Opec, which controls around 40 per cent of global supply, is planning to curb output in a bid to boost oil prices.


OPEC's (Organization of the Petroleum Exporting Countries) crude production fell by 310,000 barrels a day in December, as unplanned disruptions in Nigeria reduced the group's supply before deliberate cuts take effect this month.

Nigeria's daily output dropped by 200,000...

Market voices on: