Crude oil production by OPEC and its allies fell in March from February for the first time in more than a year, the latest S&P Global Commodity Insights survey found, contributing to a tightening market thrown in flux by the Russia-Ukraine war. Western sanctions began biting into primary non-OPEC partner Russia’s oil flows, and sizable disruptions in Kazakhstan and Libya also led the coalition’s production lower, the survey found. OPEC’s 13 members raised output by 60,000 b/d to 28.73 million b/d, but that was more than offset by a 160,000 b/d decline by the bloc’s nine allies, who pumped 13.91 million b/d. With the net decline of 100,000 b/d, the widening gap between the OPEC+ production and quotas jumped to a record-high 1.24 million b/d—casting further doubt on the group’s ability to meet growing global […]