OPEC will need to pump more oil after March plunge, IEA says

PARIS (Bloomberg) -- OPEC will need to pump more crude in the second half of the year to meet global demand after its production plunged to a five-month low in March, according to the International Energy Agency. Supplies from the Organization of Petroleum Exporting Countries “plummeted” by 890,000 bpd to 29.62 MMbpd in March, the Paris-based IEA said today in its monthly oil market report.


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OPEC will need to pump more oil after March plunge, IEA says OPEC will need to pump more oil after March plunge, IEA says Reviewed by Crude Oil Brokers on 15:23 Rating: 5

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