A Bloomberg article overnight on tighter oil supply.
- Output from the Organization of Petroleum Exporting Countries plunged by 900,000 bpd last month to an average of 27.79 MMbpd, according to a Bloomberg survey.
- the biggest reduction since the group and its allies slashed supplies during the depths of the Covid pandemic in 2020
There was also a report via Reuters:
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Earlier today:
Oil price update: