OPEC Oil Output Falls 90,000 Barrels a Day In February: Platts

Oil production from the Organization of the Petroleum Exporting Countries fell by 90,000 barrels a day in February from a month earlier, to 32.34 million barrels a day, according to a Platts survey of OPEC and oil industry officials and analysts released late Tuesday. Platts attributed the decline, in part, to a drop of 200,000 barrels a day to 4.13 million barrels a day in Iraqi output due to the closure of a key pipeline. The Saudis kept output at 10.2 million barrels per day, while Iran raised production by 210,000 barrels a day to 3.12 million.