According to Reuters estimates, OPEC oil production changed slightly in March - an increase of 90 thousand bps. The main contribution was made by Saudi Arabia (+100 thousand bpd), Iraq (+40 thousand bpd), United Arab Emirates (+60 thousand bpd), Nigeria (+30 thousand bpd), Angola (+20 thousand bpd).
The decline in production continued in Iran (-70 thousand bpd), Libya (-45 thousand bpd), Venezuela (-40 thousand bpd). As we all recall, the agreement on the limitation of production under the OPEC+ transaction has ceased to be effective from today.
On the first day of April, when the OPEC+ restrictions ceased to apply, Saudi Arabia began to fulfill the promise to increase oil supplies to the market, however, a number of tankers leave Saudi ports with oil without their final destination (which once again confirms that the oil wars actually occur in verbal form (in the media)).