|2019-08-07 来源： 中国石化新闻网|
李峻 编译自 Platts
OPEC July output slumps to 5-year low on Saudi overcompliance: Platts survey
OPEC pumped its fewest barrels in more than five years in July, aided by a huge production decline in its largest producer.
The producer bloc saw output slide to 29.88 million b/d last month, a fall of 210,000 b/d from June, despite output gains by six of its members, an S&P Global Platts survey of industry officials, analysts and shipping data found.
Compliance with production quotas rebounded in July, mainly because Saudi Arabia pumped way below its quota, making up for undercompliance by Iraq, the second-largest oil producer in OPEC, and Nigeria.
The conformity rate for the 11 members covered by quotas rose to 117% in July, up from June's 105%.
However, OPEC's efforts to rebalance the market are moving sluggishly on tepid demand growth amid concerns of a weakening global economy.
Crude oil prices have fallen by more than 5% since early-July when OPEC and its 10 non-OPEC allies, led by Russia, extended their 1.2 million b/d production cut agreement through March 2020.
This comes even as OPEC's production has fallen by a whopping 2.55 million b/d since December, when it agreed to implement the second round of its production cut deal.