OPEC's crude production experienced a decrease last month, despite the organization's previously announced plans for an increase.
According to a Bloomberg survey, the output from the Organization of the Petroleum Exporting Countries decreased by 200,000 barrels per day in April, reaching 27.24 million barrels per day.
Venezuela accounted for approximately half of this decline due to tightening US sanctions and the winding down of operations by international producers like Chevron Corp.