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OPEC oil output rises to more than 3-year high

Posted on 01 March 2012

OPEC oil output has risen in February to the highest since October 2008 due to a further recovery in Libya’s production, higher supplies from Angola and Saudi Arabia, a Reuters survey found on Wednesday.
Supply from all 12 members of the Organization of the Petroleum Exporting Countries has averaged 31.23 million barrels per day (bpd), up from 30.95 million bpd in January, the survey of sources at oil companies, OPEC officials and analysts found………………………………………..Full Article: Source


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