# OPEC oil output falls on Angola, Iraq outages - Reuters survey

> A Reuters survey found OPEC output in March at 28.90 million bpd, down 70,000 bpd from February and more than 700,000 bpd below September. Angola and Iraq outages drove the decline, and output sits about 930,000 bpd below target because some producers lack capacity.

- Date: 2023-03-31 · published 2023-03-31T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/36769-opec-oil-output-falls-on-angola-iraq-outages-reuters-survey
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower actual OPEC output than quota implies tighter physical crude supply, a mild support for oil prices and related energy costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2023-05-02 | [OPEC oil output falls on Iraq, Nigeria outages, Reuters survey finds \| Reuters](https://feedsoft.ai/events/35866-opec-oil-output-falls-on-iraq-nigeria-outages-reuters-survey-finds-reuters.md) | -4.8% | -8.5% |
| BRENT | 2023-07-31 | [OPEC oil output falls on Saudi cut and Nigerian outage, Reuters survey finds \| Reuters](https://feedsoft.ai/events/34940-opec-oil-output-falls-on-saudi-cut-and-nigerian-outage-reuters-survey-finds.md) | +2.4% | +0.2% |
| BRENT | 2026-01-09 | [OPEC oil output falls in December on Iran and Venezuela, Reuters survey finds \| Reuters](https://feedsoft.ai/events/20971-opec-oil-output-falls-in-december-on-iran-and-venezuela-reuters-survey-finds.md) | +3.7% | +9.6% |
| BRENT | 2018-04-30 | [OPEC oil output falls by 70,000 bpd in April - Reuters survey](https://feedsoft.ai/events/65423-opec-oil-output-falls-by-70-000-bpd-in-april-reuters-survey.md) | -0.2% | +2.0% |
| BRENT | 2024-01-31 | [OPEC oil output falls in January on new cuts, Libya - survey \| Reuters](https://feedsoft.ai/events/32028-opec-oil-output-falls-in-january-on-new-cuts-libya-survey-reuters.md) | -4.8% | +0.3% |
| WTI | 2023-05-02 | [OPEC oil output falls on Iraq, Nigeria outages, Reuters survey finds \| Reuters](https://feedsoft.ai/events/35866-opec-oil-output-falls-on-iraq-nigeria-outages-reuters-survey-finds-reuters.md) | -3.3% | -8.2% |
| WTI | 2023-07-31 | [OPEC oil output falls on Saudi cut and Nigerian outage, Reuters survey finds \| Reuters](https://feedsoft.ai/events/34940-opec-oil-output-falls-on-saudi-cut-and-nigerian-outage-reuters-survey-finds.md) | +2.8% | -0.4% |
| WTI | 2026-01-09 | [OPEC oil output falls in December on Iran and Venezuela, Reuters survey finds \| Reuters](https://feedsoft.ai/events/20971-opec-oil-output-falls-in-december-on-iran-and-venezuela-reuters-survey-finds.md) | +2.4% | +10.3% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-oil-output-falls-angola-iraq-outages-reuters-survey-2023-03-31/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.