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Commodities Briefing - Categorized | Oil, Resources, Trading more

Opec production falls to 30.4mln bpd in January

Posted on 18 February 2013

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


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