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Commodities Briefing - Categorized | Oil, Trading more

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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