• Home
  • OPEC Production At Three Decade Low
OPEC’s oil production in June reached the lowest level since the 1991 Gulf War, with production being cut to 22.69 million bpd. Despite these drastic cuts, inventory levels are still high as demand for oil is increasing at a slower than normal rate.

OPEC Production At Three Decade Low

OPEC’s oil production in June reached the lowest level since the 1991 Gulf War, with production being cut to 22.69 million bpd. Despite these drastic cuts, inventory levels are still high as demand for oil is increasing at a slower than normal rate.

Subscribe
Subscribe to Receive Latest Updates from GIF.