OPEC pumped 30.46 mn b/d in January - Plattsoil OPEC survey

According to the latest Plattsoil OPEC survey, the Organization of Petroleum Exporting Countries (OPEC) pumped 30.46 million b/d in January, a fall of 970,000 b/d from December.

This comes amidst the Venezuelan crisis, where “the world's largest proven oil reserves but mismanagement by the regime led by Nicolás Maduro and falling oil prices sent the economy down and many citizens fleeing to other countries”, FXStreet’s Analysts Yohay Elam notes.