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Commodities Briefing - Categorized | Market Moves, Oil more

IEA sees increased OPEC crude output driven by gains from Iraq

Posted on 14 March 2013

OPEC crude output rose in February to the highest level in at least three months, with Iraq and Iran boosting production even as refinery maintenance damped demand, according to the International Energy Agency.
The 12 members of the Organization of Petroleum Exporting countries pumped 30.49 million barrels a day in February, up 150,000 barrels from January’s output of 30.34 million, the Paris-based IEA said today in its monthly oil market report…………………………………….Full Article: Source


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