According to a Reuters survey, OPEC's oil production declined after two consecutive months of growth in December. The UAE and Iran cut production due to oil field maintenance, offsetting the increase in production in Nigeria and other member countries. According to the survey, OPEC's daily production last month was 26.46 million barrels, a decrease of 50,000 barrels from November. Among them, the UAE saw the biggest drop in daily production, which fell 90,000 barrels to 2.85 million barrels per day. Iran's production has dropped by 70,000 barrels. Production in Saudi Arabia and Iraq, OPEC's two largest oil producers, remained stable. Among countries that increased production, Nigeria increased production by 50,000 barrels per day, reflecting increased domestic usage and increased exports from refineries such as Dangote. Libya's production also increased by 50,000 barrels, and after the dispute over control of the central bank was resolved, Libya's oil production continued to recover.

According to a Reuters survey, OPEC's oil production declined after two consecutive months of growth in December. The UAE and Iran cut production due to oil field maintenance, offsetting the increase in production in Nigeria and other member countries. According to the survey, OPEC's daily production last month was 26.46 million barrels, a decrease of 50,000 barrels from November. Among them, the UAE saw the biggest drop in daily production, which fell 90,000 barrels to 2.85 million barrels per day. Iran's production has dropped by 70,000 barrels. Production in Saudi Arabia and Iraq, OPEC's two largest oil producers, remained stable. Among countries that increased production, Nigeria increased production by 50,000 barrels per day, reflecting increased domestic usage and increased exports from refineries such as Dangote. Libya's production also increased by 50,000 barrels, and after the dispute over control of the central bank was resolved, Libya's oil production continued to recover.