OPEC’s crude production plunged by 470,000 b/d in January, according to the latest S&P Global Platts survey, with Saudi discipline and a Libyan blockade bringing the group’s output down to a four-month low. Receive daily email alerts, subscriber notes & personalize your experience. Register Now OPEC pumped 29.08 b/d last month, down from 29.55 million b/d in December as eight of its members posted falls. But with the coronavirus still spreading and denting global oil demand, OPEC is under pressure to cut production even further. The January total includes Ecuador, whose status within OPEC remains uncertain. The country’s energy ministry last month confirmed its withdrawal, but OPEC has not acknowledged the exit and continues to include Ecuador among its […]