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OPEC boosts oil production to seven-month high in May, IEA says

Posted on 13 June 2013

OPEC boosted crude oil production to a seven-month high last month as output increased from Saudi Arabia, Iran, the United Arab Emirates and Kuwait, according to the International Energy Agency.
The 12 members of the Organization of Petroleum Exporting Countries pumped 30.89 million barrels a day in May, up from 30.75 million in April, the Paris-based IEA said today in its monthly oil-market report. That exceeds a target of 30 million that was reaffirmed at the group’s last meeting on May 31………………………………………..Full Article: Source


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