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Commodities Briefing - Categorized | Market Moves, Oil more

December OPEC oil output falls

Posted on 09 January 2013

Crude-oil output from members of the Organization of the Petroleum Exporting Countries fell in December as Saudi Arabia curtailed production, according to data released Tuesday by the U.S. Energy Information Administration.
OPEC members pumped 30.28 million barrels a day in December, down from a revised 30.46 million barrels a day in November, according to the EIA’s monthly short-term energy outlook. The drop came as Saudi Arabia, the world’s largest oil exporter, cut output by 200,000 barrels a day to 9.5 million barrels a day………………………………………..Full Article: Source


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