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OPEC Update, February 2020

OPEC Update, February 2020

The OPEC Monthly Oil Market Report for January 2020 was published this past week. The last month reported in each of the charts that follow is January 2021 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d).

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OPEC crude output increased by 181 kb/d in January 2021, December 2020 output was revised down from last month’s report by 47 kb/d.

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