Crude oil output from the Organization of the Petroleum Exporting Countries (OPEC) rose to 30.87 million barrels per day (b/d) in January 2012 from 30.83 million b/d in December 2011. This leaves the organization overproducing its brand new production ceiling by 870,000 b/d, according to a just-released Platts survey of OPEC and oil industry officials [...]
Crude Oil Output Up 300,000 b/d from December & Highest in More Than 2 Years The 12-member Organization of the Petroleum Exporting Countries’ (OPEC) crude oil production averaged 29.57 million barrels per day (b/d) in January, up 300,000 b/d from December and the highest level in more than two years, according to a just-released Platts [...]
The 12-member Organization of the Petroleum Exporting Countries’ (OPEC) crude oil production averaged 29.27 million barrels per day (b/d) in December, up 170,000 b/d from an estimated 29.1 million b/d in November, according to a just-released Platts survey of OPEC and oil industry officials and analysts. Excluding Iraq, which does not participate in OPEC output [...]
Production Rose 100,000 b/d from June; OPEC-11 Pumped 26.82 mil. b/d The 12-member Organization of the Petroleum Exporting Countries’ (OPEC) crude oil production output averaged 29.22 million barrels per day (b/d) in July, up 100,000 b/d from an estimated 29.12 million b/d in June, according to a just-released Platts survey of OPEC and oil industry [...]