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OPEC June poduction rises on higher Saudi output

Posted on 02 July 2013

OPEC production rose for the third straight month in June, as increased production from Saudi Arabia offset a decline in Libyan output, a Dow Jones Newswires survey of industry sources and analysts showed.
Crude-oil production from the Organization of Petroleum Exporting Countries averaged 30.678 million barrels a day in June, from 30.575 million barrels a day in May. The rise in production was largely the result of an increase of nearly 200,000 barrels a day in Saudi Arabia, as well as a small uptick in output in Nigeria, Iran and Kuwait………………………………..Full Article: Source


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