OPEC Reports Increase in World Crude Production in 2021:

published:30/06/2022 07:29 GMT

The total world crude oil production increased in 2021 by 0.52 million barrels per day (mbpd) or 0.8%, as compared to 2020, to an average of 69.64 mbpd. According to the Annual Statistical Bulletin (ASB), one of the flagship publications of the Organization of the Petroleum Exporting Countries (OPEC), OPEC crude oil production rose year-on-year by 0.70 mbpd, or 2.7%, while crude production by non-OPEC countries fell slightly by 0.18 mbpd, or 0.4%, a WAM report said. With an average of 96.92...More