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Commodities Briefing - Categorized | Oil, Trading more

Opec supply hits three-year high on Libya return

Posted on 30 November 2011

Opec oil output has risen in November to a three-year high due to increased supplies from Angola and a further recovery in Libya’s production, a Reuters survey found on Tuesday.
Supply from all 12 members of the Organisation of the Petroleum Exporting Countries is expected to average 30.27 million barrels per day (bpd) this month, up from a revised 29.81 million bpd in October, the survey of sources at oil companies, Opec officials and analysts found………………………………………..Full Article: Source

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