LONDON, Feb 5 (Reuters) - OPEC oil output fell in
January for a second month, a Reuters survey found, as a drop in
exports from Nigeria and Iran offset a rebound from the United
Arab Emirates where field maintenance had curbed output in
December.
The Organization of the Petroleum Exporting Countries pumped
26.53 million barrels per day last month, down 50,000 bpd from
December's revised total, the survey showed on Wednesday, with
Nigeria and Iran posting the largest drops.
The modest decline in output came as the wider OPEC+ group
is keeping production cuts in place until the end of March due
to global demand concerns and rising output outside the group.
OPEC+ on Monday decided to stick with its plan to start raising
output in April.
Nigerian production slipped by 60,000 bpd, the survey found,
reflecting lower exports, although domestic usage is increasing
as the Dangote refinery ramps up.
Iran's output, which hit the highest since 2018 last year
despite U.S. sanctions, also fell by 60,000 bpd, the survey
found. It may soon be curbed by tighter sanctions from the
administration of U.S. President Donald Trump, Goldman Sachs ( GS ) and
other analysts have forecast.
Output in OPEC's top two producers, Saudi Arabia and Iraq,
edged lower, the survey found.
OPEC's biggest rise, of 90,000 bpd, came from the UAE, the
survey found. A source said partial field maintenance continued
in January, having started in December.
While the survey indicates the UAE and Iraq are pumping
below their targets and December data provided by OPEC's
secondary sources puts them not far above, other estimates such
as those of the International Energy Agency suggest they are
pumping significantly more.
Libya's output rose by 40,000 bpd, continuing a recovery
after the resolution of a dispute over control of the central
bank that had led to production cuts. The country is exempt from
OPEC+ agreements to limit output.
The Reuters survey aims to track supply to the market and is
based on flows data from financial group LSEG, information from
other companies that track flows such as Kpler, and information
provided by sources at oil companies, OPEC and consultants.
(Additional reporting by Ahmad Ghaddar. Editing by Mark Potter)