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OPEC crude production rises to three-year high, survey shows

Posted on 01 December 2011

Oil production this month by the Organization of Petroleum Exporting Countries rose to the highest level in three years, led by surging Libyan output, a Bloomberg News survey showed.
Production increased 390,000 barrels, or 1.3 percent, to an average 30.355 million barrels a day from a revised 29.965 million, the most since November 2008, according to the survey of oil companies, producers and analysts. Daily output by the 11 members with quotas, all except Iraq, climbed 340,000 barrels to 27.65 million, 2.805 million barrels above their target………………………………………..Full Article: Source


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