The world recorded a sharp decline in global oil supply in January 2024. This is reported by the International Energy Agency (IEA) in its monthly report. report.
According to the IEA, it decreased by 1.4 million barrels per day to 101.45 million barrels.
Among the reasons for this, IEA analysts suggest adverse weather conditions in North America. There were cuts in production there due to severe cold, reducing by 540 thousand barrels per day in the USA and 360 thousand barrels per day in Canada.
Another factor was that OPEC+ countries reduced their production as part of the agreement. This led to a loss of 300 thousand barrels per day in global supply. In addition, the tension in the Red Sea, which made the passage of oil difficult, also affected the situation.
At the same time, the IEA notes that Russia managed to maintain oil exports in January at the December level (7.7 million barrels per day). In fact, the revenue of Russian companies increased by 1.4% to $15.7 billion.
Before that, it was known that there was G7. plans impose restrictions on the shadow tanker fleet.
Formerly OPEC was recorded Decline in oil production in Russia.
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Source: Gazeta
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