OPEC kept its crude oil production essentially flat in April, just before the OPEC+ alliance is set to raise output by 600,000 barrels per day (bpd) in May, a Bloomberg survey showed on Tuesday. The 13 members of OPEC saw their total production at 25.27 million bpd in April, which was around 50,000 bpd lower compared with March, as a reduction in oil supply from Libya, exempted from the cuts, were mostly offset by rising production from another OPEC member exempted from the OPEC+ pact, Iran, the Bloomberg survey found. Crude oil production from the OPEC+ group is set to grow by over 2 million bpd over the next three months to July. In early April, OPEC+ decided to gradually increase collective oil production by 350,000 bpd in each of May and June and by more than 400,000 bpd in July. Additionally, Saudi Arabia will also gradually ease its […]