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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC raises crude output to 3-month high on Saudi Arabia, Iraq

Posted on 13 March 2013

OPEC boosted its crude production to the highest in three months in February led by increased output from Saudi Arabia and Iraq. The Organization of Petroleum Exporting Countries pumped 30.31 million barrels a day last month, the producer group said in its monthly oil market report.
That’s up from 30.24 million in January and is the most since November, according to OPEC estimates based on secondary sources. U.S. supplies will rise to the most in almost three decades in 2013, OPEC estimated………………………………………..Full Article: Source


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