Economy Local 2026-02-09T20:10:26+00:00

OPEC Oil Production Fell in January Due to Nigeria and Libya

A Reuters survey revealed a drop in OPEC oil production in January last year. Main reasons were supply issues from Nigeria and Libya, affecting the global market.


OPEC Oil Production Fell in January Due to Nigeria and Libya

A Reuters survey showed that oil production from the Organization of the Petroleum Exporting Countries (OPEC) decreased in January last year due to a decline in supplies from Nigeria and Libya. This drop became noticeable against the backdrop of the overall situation in the global energy market. Experts link the decrease in production to internal problems in these countries, including political instability and technical difficulties. According to the survey, OPEC's total oil production in January amounted to... Organization members continue to monitor the situation and may take additional measures to stabilize the market.