OPEC+ Oil Production Rise in March

According to a Reuters survey, OPEC oil production rose in March, as an increase in supplies from Iran was matched by reductions from other members under an agreement with allies, representing an obstacle to efforts to limit supplies if the production increase by Tehran continues.

The survey concluded that the Organization of the Petroleum Exporting Countries (OPEC), which includes 13 members, pumped 25.07 million barrels per day in March, up 180,000 barrels per day from February. Production has increased monthly since June 2020, with the exception of February.