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Commodities Briefing - Categorized | Market Moves, Oil more

Platts: OPEC pumps 30.45 mln barrels of crude oil per day in January

Posted on 11 February 2013

Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 30.45 million barrels per day (b/d) in January from 30.65 million b/d in December, led by a further drop in volumes from Saudi Arabia, a just-released Platts survey of OPEC and oil industry officials and analysts showed.
Saudi Arabia reduced output to 9.25 million b/d in January from 9.45 million b/d in December. The January level was the lowest since an estimated 9.05 million b/d in May 2011………………………………………..Full Article: Source


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