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Commodities Briefing - Categorized | Market Moves, Oil more

Global oil production rises on OPEC output

Posted on 30 October 2012

The world produced more oil in October as Libya, Iraq and Saudi Arabia pumped more crude and the United States continued to draw more oil from its vast shale reserves, the U.S. Energy.
Information Administration said in a bimonthly report. The report is required by the Iran sanctions law President Barack Obama signed last year, Reuters reported, quoting a copy it obtained ahead of publication. The United States and European Union have applied new sanctions to Iran aimed at slashing oil revenue and pressuring it to stop efforts to enrich uranium to levels that could be used in weapons………………………………………..Full Article: Source


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