07 Feb 2020 | 13:04 UTC
OPEC overdelivers on oil cuts but coronavirus fears complicate outlook: Platts survey

AuthorEklavya Gupte; eklavya.gupte@spglobal.com; Herman Wang    herman.wang@spglobal.com
EditorAlisdair Bowles
CommodityOil,  Shipping

TopicCoronavirus outbreak,  OPEC/non-OPEC Supply Cuts
HIGHLIGHTSOPEC output contracts to 29.08 mil b/d in Jan

Blockade drives Libyan output to 18-month low

Saudi output at 9.74 mil b/d, in line with minister pledge
London — OPEC's crude production plunged by 470,000 b/d in January, according to the latest S&P Global Platts survey, with Saudi discipline and a Libyan blockade bringing the group's output down to a four-month low.