OPEC crude oil pumping rises in February

OPEC oil production increased in February, as detected by a Reuters survey, as a recovery in Libyan pumping after a disruption offset the impact of voluntary cuts agreed upon by other members of the bloc.

The Organization of the Petroleum Exporting Countries (OPEC) pumped 26.42 million barrels per day (bpd) this month, 90,000 bpd more than in January, according to the survey. Libyan production increased month-on-month by 150,000 bpd.

The Reuters survey aims to track supply to the market and is based on shipping data provided by external sources, flow data from LSEG, information from volume-tracking companies such as Petro-Logistics and Kpler, and information provided by sources from oil companies, OPEC, and consultants.