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OPEC output rises, offsets more Iran shrinkage - survey

Posted on 01 November 2012

OPEC oil output has risen slightly in October as extra supplies from Iraq, Angola and Libya have offset disruptions in Nigeria and a further decline in Iran to its lowest in two decades, a Reuters survey found on Wednesday.
The survey indicates Iraq’s expansion in export capacity and continued high output from top exporter Saudi Arabia are helping to compensate for reduced supply from Iran, whose output has fallen sharply due to Western sanctions………………………………………..Full Article: Source


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