OPEC oil output falls in January on lower supply from Nigeria and Libya, Reuters survey finds

Core Insights - OPEC's oil output decreased in January due to reduced supply from Nigeria and Libya, which counterbalanced increases from other member countries like Venezuela following the U.S. capture of Nicolas Maduro and the conclusion of an oil blockade [1] Group 1 - OPEC's oil output fell in January [1] - Lower supply from Nigeria and Libya contributed to the decline [1] - Increases in oil production from Venezuela were noted after significant political changes [1]