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Oil Production by OPEC Countries Falls to Lowest Levels Since 2000
Oil production by OPEC members has
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Oil production by OPEC members has reached its lowest level since 2000, totaling just 16.13 million barrels per day this year, according to a regular survey conducted by OPEC, as reported by Reuters. This figure marks the lowest since 2000.The data for May also reflects a decline relative to OPEC's figures at the peak of the COVID-19 pandemic, when cuts were prompted by a sharp drop in demand due to lockdowns. It is important to note that the May data
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