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home / news releases / NRGO - April Non-OPEC Oil Output Declines

NRGO - April Non-OPEC Oil Output Declines

Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO
  • April Non-OPEC production dropped by 550 kb/d to 48,225 kb/d. The biggest contributors to the decrease were Canada, 452 kb/d and the UK, 218 kb/d.
  • In the August report, the forecast December 2022 output was revised down from 52,320 by 107 kb/d to 52,213 kb/d.
  • While eight oil rigs were added in the US in the week of August 19, only two rigs were added in Texas and the Permian.
  • World oil production in April decreased by 617 kb/d to 75,291 kb/d according to the EIA.

For further details see:

April Non-OPEC Oil Output Declines
Stock Information
Company Name: Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO
Stock Symbol: NRGO
Market: NASDAQ
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