Global Oil Production Rose To 94.3Mln Barrels Daily In May - IEA
Fahad Shabbir (@FahadShabbir) Published June 11, 2021 | 01:24 PM
Global oil production increased by 0.96 million barrels per day month-on-month in May and totaled 94.3 million barrels daily, the International Energy Agency (IEA) said on Friday
MOSCOW (UrduPoint News / Sputnik - 11th June, 2021) Global oil production increased by 0.96 million barrels per day month-on-month in May and totaled 94.3 million barrels daily, the International Energy Agency (IEA) said on Friday.
"At 94.3 mb/d, world oil supply was up 960 kb/d month-on-month (m-o-m), and 6.
3 mb/d above May 2020 when OPEC+ began its record supply cut. This month, global output is expected to rise significantly as the Kingdom and other OPEC+ members continue to unwind cuts and Norway, Canada and Brazil bounce back from maintenance," IEA said in its monthly oil market report.
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