OPEC oil output dropped in February to the lowest in over a decade as Libyan supply collapsed due to a blockade of ports and oilfields and Saudi Arabia and other Gulf members overdelivered on a new production-limiting accord.

On average, the 13-member Organization of the Petroleum Exporting Countries pumped 27.84 million barrels per day (bpd) last month, down 510,000 bpd from January’s figure.

LIBYAN PLUNGE

February’s output was the lowest by OPEC since at least 2009, the year in which the group implemented its biggest-ever supply cut due to the financial crisis, excluding membership changes that have taken place since then, according to Reuters survey records.

Oil output in Libya has plunged since Jan. 18 due to a blockade of ports and fields. Production in Libya averaged 155,000 bpd during the month, down from 760,000 bpd in January.