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EIA: OPEC June oil output falls to 30.24 mln barrels a day

Posted on 10 July 2013

The Organization of the Petroleum Exporting Countries cut its oil output in June to the lowest level since March, according to U.S. government data released Tuesday. The Energy Information Administration said in its monthly Short-Term Energy Outlook that the group lowered production to 30.24 million barrels a day from a revised 30.58 million barrels a day in May.
OPEC spare capacity stood at 2.2 million barrels, steady compared to the revised May figure, as production in Angola, Libya and Nigeria fell in June………………………………………..Full Article: Source


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