OPEC Output Fell Most in Decades Last Month on War, Survey Shows

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000War With Iran:OPEC’s crude oil production plunged by the most in at least four decades in March as conflict in the Middle East throttled exports from key members, according to a Bloomberg survey.Output from the Organization of the Petroleum Exporting Countries collapsed by 7.56 million barrels a day — or about 25% — to 22 million a day, the survey showed. The war between a US-Israeli alliance and OPEC member Iran has shuttered the Strait of Hormuz, forcing Saudi Arabia, the United Arab Emirates and Iraq to slash production.