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OPEC oil output rises in May – Survey

Posted on 31 May 2011

Opec crude oil output is expected to rise in May as extra oil from Saudi Arabia, Nigeria and Iraq counters a further decline in Libyan supply.
Any extra supply from the Organization of the Petroleum Exporting Countries is likely to be welcomed by consumer nations concerned about the impact of oil prices well above $100 a barrel on economic growth and inflation……………………………………….Full Article: Source


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