OPEC Crude Output Rises To 32.47 Million Barrels Per Day In June

The only production decrease in June came from Nigeria, whose output fell 60,000 b/d to 1.8 million b/d as militant activity disrupted some operations. by Staff Writers London, UK (SPX) Jul 24, 2008 The 13 members of the Organization of Petroleum Exporting Countries (OPEC) pumped an average 32.47 million barrels per day (b/d) of crude oil in June, an increase of 230,000 b/d from the May level of 32.24 million b/d, according to the latest Platts survey of OPEC and oil industry officials. Higher volumes from Saudi Arabia accounted for almost all of the increase. Excluding Iraq, the 12 members bound by OPEC output agreements pumped an average 29.98 million b/d in June, up from 29.75 million b/d in May, and 307,000 b/d in excess of their 29.673 million b/d output target, the survey showed. Saudi Arabia produced an average 9.45... [read full story]                    

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