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OPEC's 14 member countries produced 34.04 million barrels a day last month, down 280,000 barrels from February, the lowest since 2015.
The survey shows that Saudi Arabia and its Gulf allies are pushing for larger production cuts than OPEC's latest agreement, despite pressure from US President Trump to increase oil supply. On Thursday, Trump again called on OPEC to increase production to reduce oil prices.
Driven by Saudi Arabia's move and involuntary supply restrictions in Venezuela and Iran, oil prices are trading above $68 a barrel, close to their 2019 high.
"Their intention is to reduce global oil inventories." Tamas Varga of PVM, an oil broker, said about OPEC's strategy.
"Unless OPEC's output suddenly increases or U.S. -China trade negotiations collapse, financial investors will find oil attractive and can invest more money."
OPEC, Russia and other non-member countries agreed in December to cut production by 1.2 million barrels a day from January 1 this year. OPEC's share of output cuts is 800,000 barrels a day, which will be completed by 11 member countries - except Iran, Libya and Venezuela.
The survey found that the implementation rate of output reduction in March in 11 OPEC member countries bound by the new agreement was as high as 135%, higher than 101% in February.
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